Pentagon Awards $590 Million in Defense Contracts Friday

The Department of Defense awarded 13 defense contracts Friday, worth a total of up to $590.4 million. Among the defense contractors winning contracts:

  • Sysco (NYSE: SYY  ) won a sole-source, fixed-price with economic-price-adjustment, indefinite-quantity contract worth up to $24.4 million to provide "prime vendor full line food distribution" for U.S. Army, Navy, and Air Force customers in the Alaska area through Feb. 22, 2015.
  • Rockwell Collins (NYSE: COL  ) was awarded a $12.2 million sole-source, partial-foreign military sales contract modification adding unspecified "various items" to a Jan. 21, 2014 delivery order to supply joint helmet-mounted cueing systems to the U.S. Navy and to the Israeli military. The underlying contract is now worth $26.9 million to Rockwell Collins, and will be completed by Aug. 31, 2015.
  • Actavis (NYSE: ACT  ) was awarded a $7.7 million option year exercise -- the fourth of seven possible -- on an underlying contract to supply U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agency customers with "various pharmaceutical products." This contract will now run through Feb. 24, 2015.

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: 2849802, ~/Articles/ArticleHandler.aspx, 10/24/2014 9:45:15 PM

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