Pentagon Awards $388 Million in Defense Contracts Thursday

General Electric, Textron, and L-3 Communications win awards.

Mar 6, 2014 at 8:54PM

The Department of Defense awarded 16 separate defense contracts Thursday, worth $388.2 million in total. Among the major publicly traded defense contractors winning contracts:

  • General Electric (NYSE:GE) won the day's largest award, a $79.7 million firm-fixed-price contract to repair 20 T-64 engine components used to power U.S. Navy CH-53D/E Sea Stallion and MH-53E Sea Dragon helicopters. GE will also provide manufacturing, engineering, and technical support to the U.S. Navy's Fleet Readiness Center East in Cherry Point, N.C., with the goal of improving monthly output. This contract will run through Sept. 30, 2015.
  • Textron (NYSE:TXT) won a $17.2 million firm-fixed-price, five-year requirements contract to supply the U.S. Air Force with up to 21 ICBM Flight MK 12A Mod 5F midsections over the course of a five-year ordering period running through March 5, 2020.
  • L-3 Communications (NYSE:LLL) was awarded a $6.8 million option exercise to provide the U.S. Navy with Sea Shore Interface Installation, Highly Accelerated Life Test, and integrated logistics services in support of the Navy's Undersea Warfare Training Range, which is located off the coast of Jacksonville, Fla. This work is expected to be completed by May 2019.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Electric Company, L-3 Communications Holdings, and Textron. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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