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.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.