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Pentagon Awards $298.8 Million in Defense Contracts Monday

The Department of Defense awarded 10 new defense contracts Monday, worth $298.8 million in total. The bulk of these funds -- $205 million and change -- went to a series of four federally defined "small business" lumber companies supplying the Defense Logistics Agency with necessary "wood products." A small handful of publicly traded defense contractors did also win contracts, however. Specifically:

  • IBM (NYSE: IBM  ) was awarded a $19.9 million contract modification to support the Army General Fund Audit Readiness program through July, 9.
  • Jacobs Engineering (NYSE: JEC  ) was awarded a $15.2 million contract modification to continue providing engineering technical assistance to the U.S. Air Force through May 19.
  • Raytheon (NYSE: RTN  ) won a $10.5 million firm-fixed-price foreign military sales contract to supply the Royal Danish Navy with nine multi-spectral targeting systems for its MH-60R/S Sikorsky Seahawk helicopters. Delivery is due December 2015.
  • L-3 Communications (NYSE: LLL  ) won a $10 million firm-fixed-price indefinite-delivery/indefinite-quantity contract to supply the U.S. Army with unspecified commercial lighting tubes "which increase range and field of vision in darkness" for use by special operations troops. Delivery on this contract is due Jan. 2, 2018.

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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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