Pentagon Awards Contract for $498 Million Worth of Copy Equipment

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Seven separate office equipment manufacturers will share in a near-half-billion-dollar defense contract  to supply the U.S. Army with commercial-off-the-shelf multi-functional devices, the Pentagon announced Thursday.

Just one of 21 new defense contracts handed out today, the $498 million firm-fixed-price, multiple award task order contract was awarded to Canon (NYSE: CAJ  ) , Lexmark (NYSE: LXK  ) , and Xerox (NYSE: XRX  ) , as well as foreign-listed firms Konica Minolta and Ricoh, and two other privately held firms.

Pursuant to the contract terms, these seven firms will bid against each other to win individual task orders under the umbrella contract, drawing funds from the overall $498 million pot. Equipment to be supplied under the contract, including "accessories, associated consumable supplies, maintenance, and repair services," will be used to "integrate, modernize and refresh the Army's base architecture while providing standardized interfaces."

Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 03, 2013, at 10:21 PM, Mbc wrote:

    Hi Rich,

    The ticker for Canon is CAJ and not CCJ.


Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2708890, ~/Articles/ArticleHandler.aspx, 5/24/2016 10:42:47 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I like 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.

Today's Market

updated Moments ago Sponsored by:
DOW 17,692.56 199.63 1.14%
S&P 500 2,071.75 23.71 1.16%
NASD 4,833.91 68.12 1.43%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/24/2016 10:27 AM
CAJ $28.33 Up +0.16 +0.57%
Canon, Inc. (ADR) CAPS Rating: ***
CCJ $11.65 Down +0.00 -0.03%
Cameco Corp (USA) CAPS Rating: *****
LXK $38.01 Down -0.03 -0.07%
Lexmark Internatio… CAPS Rating: **
XRX $9.20 Up +0.09 +0.99%
Xerox Corp CAPS Rating: *****