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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