Pentagon Awards $449 Million in Defense Contracts Wednesday

After a long holiday weekend, the Department of Defense finally got back to work Wednesday, awarding 19 separate defense contracts worth $449.3 million in combined value. Among the publicly traded companies winning contracts:

  • Lockheed Martin (NYSE: LMT  ) was awarded a $33 million contract modification to continue providing essential, highly specialized services to the U.S. Missile Defense Agency in support of Ballistic Missile Defense System flight tests through Dec. 31. 
  • Bell Helicopter Textron (NYSE: TXT  ) was awarded $13.5 million cost-plus-fixed-fee delivery order to repair/overhaul five unspecified "high priority items" on U.S. Marine Corps UH-1Y Venom utility helicopters and AH-1Z Viper attack helicopters by January 2017.
  • Elbit Systems (NASDAQ: ESLT  ) subsidiary EFW was awarded an $11.7 million option exercise instructing it to supply nine helmet display tracker system, or HDTS, kits and 29 Helmet kits for use aboard Marine Corps AH-1W Super Cobra helicopters, and to install 54 of these HDTS systems. Work on this contract should be completed in December.
  • Airbus' (NASDAQOTH: EADSY  ) EADS-NA subsidiary was awarded a $9.4 million contract modification to support logistics related to U.S. Army UH-72 Lakota utility helicopters through Dec. 31.

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