As the clock ticks down toward the end of the Pentagon's fiscal year, Department of Defense acquisitions specialists have thrown caution to the wind -- and announced a simply mind-boggling 113 separate contract awards on Friday. Worth a combined $10.92 billion, this single day's spending came close to equaling two weeks' worth of contract awards at any other time of the year.
Of the defense contracts awarded, Raytheon (NYSE: RTN ) won three:
- A $243.5 million contract modification to supply the U.S. Navy with 89 Standard Missile-6 Block I All Up Rounds, plus necessary spare parts, containers, and services by March 2016.
- A $20 million firm-fixed-price delivery order to supply the Navy with 30 Forward Looking Infrared Radar, or FLIR, kits for use aboard five Sikorsky CH-53K Super Stallion helicopters and 25 HH-60 Pave Hawk helicopters, plus 25 L2G multifunction control units and 35 L2G system control units for the HH-60 helicopters; two Memory Loader Verifier System cables, plus software update, system integration, and test support for the CH-53K helicopters; one technical data package; and a repair of repairables analysis. All of this should be completed by September 2015.
- A $12.4 million contract modification to supply Navy depot-level maintenance facilities with unspecified spare parts by November 2015.