Pentagon Awards $614 Million in Defense Contracts Friday

The Department of Defense announced 18 new defense contracts worth a combined $613.9 million on Friday. Among the winners:

  • Privately held drone manufacturer General Atomics Aeronautical Systems was awarded a $40.2 million option exercise increasing funds allocated to the full-rate production of Gray Eagle unmanned aerial vehicles. This contract will run through Sept. 30, 2016.
  • Military shipbuilder Huntington Ingalls (NYSE: HII  ) was awarded a $39 million contract modification to perform life cycle engineering and support services on U.S. Navy San Antonio-class Amphibious Transport Docks (known also as landing platform docks, or LPDs). Work on this contract should be complete by next December.
  • The joint venture between Textron's (NYSE: TXT  ) Bell Helicopter division and Boeing (NYSE: BA  ) , known as the Bell-Boeing Joint Project Office, was awarded a $15.6 million firm-fixed-price delivery order to supply additional nonrecurring engineering and technical support for forward fit/retrofit engineering changes on U.S. Navy V-22 Osprey tiltrotor aircraft. Bell-Boeing will be expected to deliver eight helmet mounted display retrofit kits, plus spare parts, support equipment, tooling, and training devices to the Navy by March 2015.
  • Booz Allen Hamilton (NYSE: BAH  ) was awarded an $18.1 million contract modification extending its contract to perform systems engineering and integration support of the U.S. Air Force Range and Network Division, Space and Missile Systems Center's Launch and Test Range System by one year. This contract will now run through Dec. 7 of next year. 

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: 2756314, ~/Articles/ArticleHandler.aspx, 4/23/2014 1:23:45 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...