Pentagon Awards $220 Million in Defense Contracts Tuesday

The Department of Defense awarded five separate defense contracts Tuesday, worth $219.5 million in total.

The majority of these funds went to just one company, privately held Draeger Medical, which was awarded a $140 million contract modification exercising the third of five possible year-long "option" periods on a contract to supply the U.S. Army, Navy, Air Force, Marine Corps, federal civilian agencies, and the Department of Veterans Affairs with "anesthesia machines, monitors, ventilators and related accessories." This contract will now run through at least March 11, 2015, and perhaps longer if the remaining options are later exercised.

As for publicly traded companies, only one, Boeing (NYSE: BA  ) , received an award today. Boeing was awarded a $10.8 million contract modification funding the purchase of "end of life hardware" for use in performing "trade studies and analysis for the Japan AWACS mission computing upgrade DMS 3.X." Boeing's work on this contract is now expected to be completed by Dec. 31.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2873228, ~/Articles/ArticleHandler.aspx, 10/31/2014 12:53:18 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement