Pentagon Announces $198 Million in Defense Contracts Wednesday

The Department of Defense announced eight defense contracts Wednesday worth $198.4 million in aggregate. Among the companies receiving awards:

  • Northrop Grumman (NYSE: NOC  ) won a $19.8 million cost-plus-incentive-fee contract to perform research and development work on the U.S. Army's Integrated Air and Missile Defense and Battle Command System through Sept. 30, 2015.
  • Oshkosh (NYSE: OSK  ) was awarded a $9.5 million contract modification extending the deadline for the U.S. Army placing orders for its "family of medium tactical vehicles" trucks. The new deadline, May 15, 2014, was necessitated by a protest from a losing bidder who suspended the ordering process by 131 days back when the underlying contract awarded was first awarded, in 2009
  • Boeing (NYSE: BA  ) was awarded an $8.5 million firm-fixed-price delivery order to perform follow-on integrated logistics support and engineering work on the Harpoon/SLAM-ER Missile System and Harpoon Launch Systems for the U.S. Navy and various foreign military sales customers. The customers participating in the foreign military sales portion of this contract include Australia, Bahrain, Canada, Chile, Egypt, Germany, India, Israel, Japan, Korea, Kuwait, Malaysia, the Netherlands, Oman, Pakistan, Portugal, Saudi Arabia, Singapore, Taiwan, Thailand, Denmark, Turkey, United Arab Emirates, and the United Kingdom. Work on this delivery order should be complete by July 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.

DocumentId: 2752963, ~/Articles/ArticleHandler.aspx, 4/23/2014 4:18:29 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...