General Dynamics Wins 3 of 12 Pentagon Defense Contracts Awarded Thursday

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The Department of Defense announced 12 new defense contracts Thursday, worth $974.9 million combined. The big winner of the day was defense contractor General Dynamics (NYSE: GD  ) , which won three of the 12 contracts available:

  • $6.6 million: a cost-plus-fixed-fee contract to provide the U.S. Army with engineering services and logistics work on a tactical airspace integration air traffic control system. This work will continue through Jun 30, 2016.
  • $26.5 million: a contract modification instructing General Dynamics to sort and classify equipment turned in by units, and to reissue serviceable material to deploying units in Kuwait. This contract runs through Dec. 29, 2014.
  • Its big win of the day: $172 million funding an undefinitized contract action modifying a previously awarded contract to perform maintenance on the dock landing ship USS Carter Hall (LSD-50) while it is in drydock in Norfolk through April 2015.

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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 December 26, 2013, at 9:40 PM, RonSonntag wrote:

    I have always thought The Fool was above crass tactics. That is why I am questioning the title of this article when on THE SAME DAY Boeing won over $600M. Exactly how is General Dynamics the "big winner of the day" having scored just $205.1M?

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9/30/2016 4:03 PM
GD $155.16 Down -0.45 -0.29%
General Dynamics CAPS Rating: ****