Pentagon Awards $425 Million in Defense Contracts Monday

The Department of Defense announced nine defense contracts Monday, worth $424.8 million in aggregate. Of these, the largest award went to a handful of non-publicly traded, federally defined "small business" and "woman owned small business" defense contractors, hired to do maintenance, repair, supply work for the U.S. Defense Logistics Agency. A few publicly traded companies did, however, win contracts. Among them:

  • Boeing (NYSE: BA  ) was awarded $37.3 million modification to a delivery order to supply retrofit kits needed for a redesign of trailing edge flaps on Navy F/A-18E/F fighter jets and EA-18G electronic warfare aircraft. Forty-eight Trailing Edge Flap Redesign kits, 48 left-hand units, and 48 right-hand units will be supplied. Delivery should be completed in July 2017.
  • General Dynamics (NYSE: GD  ) won a $28.2 million cost-plus-incentive-fee contract for phase 2 of the Army Tank and Automotive Contracting Command's Engineering Change Proposal Upgrade program. Technical upgrades to be performed on Army vehicles include improved automotive and electrical power generation, chassis upgrades, and improvements in vehicle networking. The estimated completion date for this work is Nov. 26, 2018.
  • CACI (NYSE: CACI  ) was awarded an $8.4 million contract modification instructing it to continue supporting the Navy's Enterprise Resource Planning system by providing, among other things, functional expert advice on Navy business processes, plus technical support, and training through Nov. 30, 2014.

Meanwhile, Raytheon (NYSE: RTN  ) won two contracts:

  • A $15.9 million contract modification instructing it to provide additional engineering and technical support services for the Navy's Standard Missile program through November 2014.
  • And a $7.1 million option exercise on a contract for engineering work on the Navy's anti-aircraft defensive network known as Cooperative Engagement Capability. Work on this contract should be complete by September 2014.

Read/Post Comments (0) | 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.

Be the first one to comment on this article.

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: 2742953, ~/Articles/ArticleHandler.aspx, 8/27/2014 5:21:13 PM

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...