Pentagon Awards $10.33 Billion in Defense Contracts Friday

The Department of Defense awarded 12 separate defense contracts Friday, worth $10.33 billion in total. The vast majority of these funds, however, were awarded in just a single award -- a monster $10 billion firm-fixed-price, indefinite-delivery/indefinite-quantity contract for "support of special operational equipment tailored logistics support program."

Only five privately held firms will participate in this two-year contract (extendable up to five years). No publicly traded firms at all were chosen to participate -- but publicly traded firms did still win a few of the day's smaller contracts, among them:

  • A $76.1 million contract modification awarded to the Bell-Boeing Joint Project Office, a joint venture between Textron  (NYSE: TXT  ) and Boeing (NYSE: BA  ) , which instructs the JPO to delivery one single additional CV-22 tiltrotor aircraft to the U.S. Air Force by December 2016.
  • A $39.4 million fixed-price with economic-price-adjustment contract for Sysco (NYSE: SYY  ) to provide "prime vendor food and beverage support" to the U.S. Army, Navy, Air Force, and Job Corps in Florida through April 16, 2019.
  • A $32.3 million option exercise for NuStar Energy L.P. (NYSE: NS  ) subsidiary Shore Terminals LLC to provide "petroleum storage services" to the U.S. Army, Air Force, and Marine Corps through Nov. 30, 2016.
  • A $7.7 million undefinitized contract modification compensating Lockheed Martin (NYSE: LMT  ) for "non-recurring sustainment activities" performed on behalf of the government of the United Kingdom, related to the latter's purchase of F-35 Lightning II stealth fighter jets. This contract has a completion date of June 2014.

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