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British Defense Contractors Win 10% of Defense Contracts Awarded Friday

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The Department of Defense awarded 30 separate defense contracts Friday, worth a total of $1.99 billion. British defense contractors won three of the awards.

BAE Systems (NASDAQOTH: BAESY  ) (LSE: BA  ) was awarded a $7.9 million contract modification to supply the U.S. Army with AN/AAR-57(V) Common Missile Warning Systems (CMWS) and associated spare parts and systems engineering, technical, and logistics support services both for CMWS and also for OT-255/ALQ-212(V) Advanced Threat Infrared Countermeasures. The estimated completion date for this contract is Feb. 28, 2015.

Rolls-Royce Corp (NASDAQ OTHER:RYCEY) (LSE: RR  ) , meanwhile, won two contracts:

  • A $54.3 million partial-foreign military sales, firm-fixed-price, indefinite-delivery/indefinite-quantity (IDIQ) contract to repair engines, propellers, and other propulsion system components for 50 KC-130 airborne refueling tanker aircraft --47 of which belong to the U.S. Marine Corps and three of which belong to the government of Kuwait. These repairs will be ongoing through February 2015.
  • An $8 million contract to perform low power repairs on 11 the U.S. Air Force CV-22 Osprey tiltrotor aircraft under a "Mission Care" contract that will now remain in force through February 2015.

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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Related Tickers

7/28/2015 12:11 PM
BA $460.70 Down +0.00 +0.00%
BAE Systems CAPS Rating: No stars
BAESY $28.79 Up +0.28 +0.98%
BAE Systems CAPS Rating: ****
RR $730.21 Down -4.79 -0.65%
Rolls-Royce Group CAPS Rating: No stars
RYCEY $57.37 Up +1.77 +3.18%
Rolls-Royce CAPS Rating: ***

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