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Pentagon Awards $912 Million in Contracts Thursday

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The Department of Defense issued 19 new contracts on Thursday worth a combined $911.7 million. Of these, the largest contract went to privately held Nomad Global Communication Solutions -- a $382.5 million contract to purchase commercial fire and emergency vehicles. No publicly traded companies won anything quite as lucrative, but they weren't left totally out in the cold, either:

  • Government contractor CACI (NYSE: CACI  ) won a $74.8 million contract modification to provide medical logistics and "non-personal services support" to the U.S. Air Force's Expeditionary/Contingency Medical Material program at locations within the continental United States.
     
  • Rolls-Royce Corp (NASDAQOTH: RYCEY  ) won a $48.9 million firm-fixed price contract to activate depots for AE3007H aircraft turbofan engines. Rolls has an expected completion date of 2015 on this contract.
     
  • Lockheed Martin (NYSE: LMT  ) was awarded a $42.4 million contract modification to begin collecting "non-recurring engineering" and long-lead materials needed to build satellites Nos. 5 and 6 for the space-based infrared systems (SBIRS) missile warning program. This contract runs through June 19, 2016.
     
  • SAIC (NYSE: SAI  ) won a $35.8 million cost-plus-incentive-fee contract to perform software engineering, hardware, integration, technical support, and training for the Integrated Strategic Planning and Analysis Network through Sept. 30, 2018.
     
  • And finally, Air Methods  (NASDAQ: AIRM  ) won a $9.3 million firm-fixed-price, non-option-eligible, non-multiyear contract to supply the U.S. Army with 61 Interim Medical Evacuation Mission Support System kits.

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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9/4/2015 3:59 PM
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