Pentagon Awards $1.99 Billion in Defense Contracts Friday

The Department of Defense awarded 30 separate defense contracts Friday, worth a total of $1.99 billion. Among the companies winning contracts:

  • TransDigm (NYSE: TDG  ) subsidiary Airborne Systems Ltd. was awarded an $18 million firm-fixed-price job order to supply the U.S. Navy with components for the MK 59 Mod 0 Decoy Launch System, or DLS. The MK 59 DLS is a deck-mounted countermeasure system that launches an advanced inflatable radar decoy cartridge to simulate the radar profile of a warship, hopefully confusing hostile anti-ship missiles and sending them off course. Delivery on this job order is due December 2015.
  • Northrop Grumman (NYSE: NOC  ) was awarded a $15.9 million contract modification to continue supporting the development, maintenance, and sustainment of biometric technologies for the Department of Defense's Automated Biometric Identification System through Feb 28, 2015.
  • Defense contractor General Electric (NYSE: GE  ) won two contracts. The first, worth $19.8 million to GE subsidiary Datex Ohmeda, exercises the fifth out of nine possible option years on a contract to supply U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with patient monitoring systems, subsystems, accessories, consumables, and spare parts, and to provide training in their use. This contract will now run through at least March 5, 2015. GE's second contact, worth up to $12.8 million, is a firm-fixed-price, sole-source, definite-quantity contract to supply the U.S. Air Force with 10,826 turbine rotor blades by Dec. 31, 2015.

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Rich Smith

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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