Pentagon Awards $1.23 Billion in Defense Contracts Tuesday

The Department of Defense awarded only seven defense contracts Tuesday, yet still managed to hand out $1.23 billion worth of work.

More than half the funds awarded went to a single recipient, privately held government contractor KS International LLC, which has been hired via a foreign military sales contract to perform various operational and security services for the Iraqi government at Balad Air Base, Iraq, through January 2017. Meanwhile, publicly traded companies winning contracts included:

  • Sagent Pharmaceuticals (NASDAQ: SGNT  ) , which was awarded $28.4 million for the second of seven possible option-year extensions on a contract to supply the U.S. Army, Navy, Air Force, and Marine Corps with "various pharmaceutical products" through Feb. 7, 2015.
  • Boeing (NYSE: BA  ) , which was awarded a $21.7 million option exercise to supply instructional system design courseware and training support for the U.S. Navy's P-8A Poseidon aircraft program. This contract will run through December 2016.
  • A series of government contractors including Booz Allen Hamilton (NYSE: BAH  ) and SAIC (NYSE: SAI  ) , all of which won places on a $10 million firm-fixed-price contract to perform as-needed R&D work for the U.S. Army's Systems Engineering Directorate, Picatinny Arsenal through Feb. 3, 2017.

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