British Defense Contractors Win 10% of Defense Contracts Awarded Friday

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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