Pentagon Awards $1.99 Billion in Defense Contracts Friday

TransDigm, Northrop Grumman, and General Electric win awards.

Mar 1, 2014 at 6:15AM

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.

Rich Smith has no position in any stocks mentioned. The Motley Fool recommends TransDigm Group and owns shares of General Electric Company and Northrop Grumman. 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.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers