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Pentagon Announces $975 Million in Defense Contracts Thursday

The Department of Defense announced 12 new defense contracts Thursday worth $974.9 million combined. Among the publicly traded companies winning contracts:

  • Science Applications International Corp (NYSE: SAI  ) was awarded a $25 million contract modification instructing it to continue providing support for the issuance, storage, and receipt of Class V munitions for the U.S. Army's 1st Theater Support Command and other Central Command forces at the theater storage area in Camp Arifjan, Kuwait. This contract will now run through Dec. 29, 2014.
  • Lockheed Martin (NYSE: LMT  ) won an $11.1 million firm-fixed-price, indefinite-delivery/indefinite-quantity partial-foreign military sales contract to provide logistics and engineering services in support of U.S. Marine Corps, Marine Corps Reserve, U.S. Coast Guard, and Kuwait Air Force C/KC-130J transport and refueling tanker aircraft through December 2014.
  • Raytheon (NYSE: RTN  ) was awarded an $8.5 million task order under a previously awarded cost-plus-fixed-fee basic ordering agreement to provide technical support on overhauling and refurbishing NATO SEASPARROW Surface Missile System and Test Acquisition Systems (TAS) for the U.S. Navy. Work under this task order is expected to be completed by September 2014.

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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Related Tickers

4/1/2015 10:11 AM
LMT $198.78 Down -4.18 -2.06%
Lockheed Martin Co… CAPS Rating: ****
RTN $107.28 Down -1.97 -1.80%
Raytheon Company CAPS Rating: ****
SAI $0.00 Down +0.00 +0.00%
SAIC CAPS Rating: ***

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