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Pentagon Awards $297 Million in Defense Contracts Wednesday

The Department of Defense awarded seven new defense contracts Tuesday, worth $296.9 million in total. Among the winners:

  • Northrop Grumman (NYSE: NOC  ) was awarded a $52.3 million firm-fixed-price cost-reimbursement option exercise to continue providing personnel, facilities, aircraft subsystems and support equipment for the U.S. Air Force's Battlefield Airborne Communications Node E-11A platform based out of Kandahar Air Base in Afghanistan through Jan. 23, 2015. The Air Force currently operates four such E-11As, which are used to relay information among different warfighters, both on the ground and in the air, even when such warfighters are communicating on different networks.
  • The Bell-Boeing Joint Project Office joint venture between Textron (NYSE: TXT  ) and Boeing (NYSE: BA  ) was awarded $26.7 million cost-plus-fixed-fee, cost reimbursable delivery order to provide on-site flight test management, flight test engineering, design engineering, and related support for the Naval Rotary Wing Aircraft Test Squadron through December.
  • Raytheon (NYSE: RTN  ) was awarded a $25.5 million contract modification to perform engineering work on the U.S. Navy's DDG 1000 Zumwalt Class Destroyer Program through December.
  • Rolls-Royce (NASDAQOTH: RYCEY  ) was awarded a $13.6 million contract modification to perform 17,226 engine flight hours of work on Navy MV-22 Osprey tiltrotor aircraft -- the same aircraft produced by and being worked on by the Bell-Boeing Joint Project Office.

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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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7/30/2015 4:00 PM
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