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Pentagon Awards $1.38 Billion in Defense Contracts Friday

The Department of Defense announced 14 new defense contracts worth $1.38 billion in aggregate on Friday. Among the publicly traded companies winning contracts:

  • L-3 Communications (NYSE: LLL  ) was awarded an option exercise worth $96.4 million for work on the P-3, EP-3 and NP-3 Sustainment Modification and Installation program. L-3 will be asked to perform maintenance and structural replacement and fabrication work on special structural inspection kits, center wing assemblies, zone five kits, and outer wing installations and refurbishments for U.S. Navy P-3 Orion aircraft and their variants through September 2014.
  • ExxonMobil (NYSE: XOM  ) was awarded a contract modification instructing it to supply the U.S. Navy with up to $29.3 million worth of distillate fuel through Dec. 31, 2013. A similar modification, of the same value, was announced for Exxon on Thursday as well.
  • Raytheon (NYSE: RTN  ) was awarded an $18.8 million contract modification instructing it to perform repairs on U.S. Air Force High-speed Anti-Radiation Missile (HARM) Targeting System (HTS) pods in the period running from Dec. 1, 2013, through Nov. 30, 2014.
  • And Lockheed Martin (NYSE: LMT  ) won a $17.6 million firm-fixed-price contract to provide life cycle launcher support for U.S. Army Multiple Launch Rocket System (MLRS) High Mobility Artillery Rocket System (HIMARS) Launcher Modules and launcher fire control systems through June 30, 2014.

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9/27/2016 4:03 PM
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