Pentagon Awards $340.6 Million in Defense Contracts Monday

The Department of Defense awarded eight new defense contracts Monday, worth $340.6 million in total. More than half of these funds went to one single company -- Britain's Rolls-Royce (NASDAQOTH: RYCEY  ) , which was awarded a $182.6 million firm-fixed-price requirements contract modification to continue performing maintenance work on Air Force C-130J aircraft propulsion systems through Jan. 31, 2015. But there were a handful of smaller winners as well: 

  • General Dynamics  (NYSE: GD  ) was awarded a $23.7 million contract modification funding research and development efforts for the U.S. Air Force's Hardened Materials Research and Survivability Studies Program. Specifically, General Dynamics will be working on hardening aircraft to protect pilots not just from anti-aircraft fire and other material hazards, but from "photonic light and electromagnetic energy" as well. This contract will now run through Jan. 21, 2016.
  • L-3 Communications (NYSE: LLL  ) was awarded a $13.8 million option exercise to continue performing maintenance on F-16, F-18, H-60, and E-2C aircraft operated by U.S. Navy "adversary squadrons." Adversary squadrons consist of U.S. pilots flying either foreign-built planes or older U.S. planes, and flying them in styles similar to those used by foreign air forces. The unusual "air forces" involved in this training require specialized knowledge in how to maintain their planes. Wednesday's award extends L-3's contract to maintain these planes through October.
  • Booz Allen Hamilton (NYSE: BAH  ) was awarded $12.5 million task order to support the Navy's office of Program Executive Office Enterprise Information Systems, Naval Enterprise Networks, providing program management, financial management, and administrative support through July.

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

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: 2811884, ~/Articles/ArticleHandler.aspx, 10/25/2014 1:34:55 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