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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

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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11/30/2015 4:00 PM
AIRM $43.70 Up +0.13 +0.30%
Air Methods CAPS Rating: ****
CACI $100.26 Up +0.10 +0.10%
CACI International… CAPS Rating: ***
LMT $219.16 Down -6.75 -2.99%
Lockheed Martin Co… CAPS Rating: ****
RYCEY $9.13 Up +0.03 +0.27%
Rolls-Royce CAPS Rating: ***
SAI $0.00 Down +0.00 +0.00%
SAIC CAPS Rating: ***