Pentagon Announces $600 Million in Defense Contracts Friday

The Department of Defense awarded 10 defense contracts worth $599.7 million in combined value Friday. Among the publicly traded companies winning contracts:

  • General Dynamics (NYSE: GD  ) was awarded a $48 million contract modification funding continued work through Feb. 28, 2015 as the project manager for the "training devices live training transformation product line" for the U.S. Army.
  • Lockheed Martin (NYSE: LMT  ) was awarded a $20.6 million contract modification to perform risk reduction and technical maturity work for DARPA on the Long Range Anti-Ship Missile program. Lockheed should complete its work on this phase of the project by Dec. 31, 2014.
  • United Technologies (NYSE: UTX  ) subsidiary Goodrich won a $7.6 million cost contract to perform engineering design services and fabrication of a full scale prototype submarine rotor component under the DAPA Hybrid Demonstration program. This work should wrap up by April 15, 2015.

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