Pentagon Awards $212 Million in Defense Contracts Monday

The Department of Defense awarded only eight defense contracts Monday, worth $212.2 million in total. Among the publicly traded companies winning contracts:

  • Cray (NASDAQ: CRAY  ) was the big winner, notching a pair of contract modifications -- each worth $21.8 million -- paying the supercomputer-builder for high performance computing systems needed to conduct complex, large-scale scientific calculations. The first of these two contracts relates to computer work that Cray will be doing for the U.S. Air Force Research Laboratory DoD Supercomputing Resource Center at Wright-Patterson, Air Force Base in Ohio. The second relates to work for the U.S. Navy DoD Supercomputing Resource Center John C. Stennis Space Center in Mississippi. Each contract modification extends the period of its respective Cray contract through July 28, 2018.
  • Boeing (NYSE: BA  ) was awarded a $42.2 million contract modification instructing it to supply aircraft armament equipment -- including jumper bundles, pylons, and bomb racks -- for installation aboard U.S. Navy F/A-18E/F fighter-bombers and EA-18G electronic warfare aircraft. This work should be completed by May 2018.
  • Lockheed Martin (NYSE: LMT  ) was awarded a $14.4 million contract modification funding the purchase of long-lead materials needed to build the GPS III satellites designated "space vehicles 07 and 08." Work on this contract will continue through June 2015.

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