Oshkosh, BAE Win Defense Contracts for Truck Upgrades, Roadside Bombs Research

The Department of Defense issued $10.92 billion worth of new and amended defense contracts on Friday -- a mind-boggling 113 separate contract awards in all. Of these, defense contractor Oshkosh  (NYSE: OSK  )  won two:

  • A $12.3 million fixed-price contract to provide logistics support and perform repairs on U.S. Marine Corps Medium Tactical Vehicle Replacement vehicles, or MTVRs, through Sept. 30, 2014.
  • A $7.7 million delivery order to upgrade the armor on 430 such Marine Corps MTVRs based in Okinawa. Work on this second contract should be complete by July 31, 2015.

Rival armored vehicle manufacturer BAE Systems  (NASDAQOTH: BAESY  )   (LSE: BA  )  won two more:

  • A $62.3 million non-multi-year, no option, cost-plus-fixed-fee contract to perform research, development, and testing on a demo "Counter Improvised Explosive Device multi-cycle vehicle mounted system technology" for the Joint Improvised Explosive Device Defeat Organization. So in essence, BAE will be exploring ways to defeat roadside bombs with equipment that can be mounted on a vehicle.
  • BAE Systems' Norfolk Ship Repair unit also won a $40.4 million contract modification to perform repairs and upgrades on the guided missile destroyer USS Barry (DDG 52) by October 2014. 

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