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Pentagon Awards $347 Million in Defense Contracts Thursday

The Department of Defense awarded 12 defense contracts Thursday, worth $346.9 million in total. Among the publicly traded companies winning contracts:

  • "Jacobs & HDR, a Joint Venture" between Jacobs Engineering (NYSE: JEC  ) and privately held HDR, won an indefinite-delivery/indefinite-quantity architect-engineering contract worth up to $60 million, paying the firms to perform unspecified "analysis" work on Navy and other Department of Defense (DoD) facilities infrastructure at various locations throughout the Naval Facilities Engineering Command's (NAVFAC) area of responsibility (AOR) worldwide. Work under this contract is expected to continue through January 2019.
  • Northrop Grumman (NYSE: NOC  ) was awarded a $26.1 million contract modification funding work on Reliability and Maintainability Information Systems (REMIS) Sustainment and Development Services for the U.S. Air Force. This contract modification extends the period of the original contract through Jan. 31, 2017.
  • General Dynamics (NYSE: GD  ) won a new $26 million firm-fixed-price contract to develop, design, and supply to the U.S. Marine Corps 468 Seat Survivability Upgrade (SSU) Kits for installation in USMC Mine-Resistant, Ambush-Protected (MRAP) vehicles. Each SSU Kit includes energy absorbing seats, five-point seat belts, blast mats, and reconfigures the internal crew Automatic Fire Extinguisher System, and upgrades the driver/co-driver compartment. Delivery is expected by July 2015.
  • Lockheed Martin (NYSE: LMT  ) was awarded an $8.5 million contract modification funding modernization work on AN/FPS-117 Long-Range Radars via the U.S. Air Force's Essential Parts Replacement Program. Thirteen Field Maintenance Equipment Kits will be supplied to USAF under this contract, with delivery due July 30, 2015.

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Rich Smith

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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