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Pentagon Awards $145 Million in Defense Contracts Monday

The Department of Defense awarded five defense contracts Monday, worth $145.5 million in total. Three publicly traded companies benefited from these contracts, namely:

  • Privately held Pond & Co., along with Aegion (NASDAQ: AEGN  ) subsidiary Corrpro, won a $10 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract to supply the U.S. Army Corps of Engineers with cathodic protection and corrosion controls through Jan. 12, 2017.
  • Northrop Grumman (NYSE: NOC  ) was awarded a $36.3 million contract modification to supply logistics services and engineering support for U.S. Army RQ-5 "Hunter" Unmanned Aircraft Systems through Jan. 14, 2015.
  • ABM Industries (NYSE: ABM  ) won a $45 million firm-fixed-price contract to operate, maintain, repair, and perform some minor construction work on medical research laboratory facilities for the U.S. Army Corps of Engineers through Jan 13, 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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