Pentagon Awards $2.375 Billion in Defense Contracts Tuesday

Steris Corp, GenCorp, Willbros Group, and Lockheed Martin all win contracts.

Feb 25, 2014 at 6:54PM

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:AJRD) 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.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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