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.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

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.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2785272, ~/Articles/ArticleHandler.aspx, 9/23/2014 8:32:03 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement