Pentagon Awards $2.375 Billion in Defense Contracts Tuesday

The Department of Defense awarded 11 separate defense contracts Tuesday, worth a total of $2.375 billion. Among the publicly traded companies winning contracts:

  • Steris (NYSE: STE  ) won a fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract worth up to $27.4 million to supply items from its "commercial electronic catalog" to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies through Feb. 18, 2019.
  • GenCorp (NYSE: GY  ) subsidiary Aerojet Rocketdyne won a $12.6 million sole-source, firm-fixed-price foreign military sales contract to supply 114 Hawk rocket motors to the Jordanian military forces, and a further 186 motors to Egypt. Delivery is due Oct. 1, 2015.
  • Lockheed Martin (NYSE: LMT  ) was awarded a $12.2 million contract modification to provide unique spare parts for use aboard U.S. Air Force HC-130J Combat King II search-and-rescue aircraft and MC-130J Commando II special operations aircraft. Delivery of these parts is due Feb. 16, 2016.
  • Willbros Group (NYSE: WG  ) won a firm-fixed-price contract worth up to $9.4 million to perform "contractor-owned/contractor-operated" fuel management services for the U.S. Army and federal civilian agencies in Oklahoma and Louisiana. This five-year contract will run through at least March 31, 2019, but at the Pentagon's option may be extended as many as three times, in additional five-year increments.

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: 2854302, ~/Articles/ArticleHandler.aspx, 10/24/2014 9:44:40 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