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Pentagon Awards $453 Million in Defense Contracts Thursday

The Department of Defense awarded 13 separate defense contracts Thursday, worth $453.2 million in total. Among the publicly traded companies winning contracts:

  • Exelis (NYSE: XLS  ) was awarded a $91.7 million option exercise for the manufacture and delivery of 42 AN/ALQ-214(V)4 on-board jammer (OBJ) systems, to be installed aboard U.S. Navy F/A-18C -D, -E, and -F fighter-bombers. Part of an F/A-18's electronic countermeasures suite, this OBJ jams radio waves to protect the plane from guided surface-to-air and air-to-air missiles. Delivery of the systems is due in November 2016.
  • A joint venture between Australia's Cardno Limited and Leidos Holdings (NYSE: LDOS  ) won a firm-fixed-price, indefinite-delivery/indefinite-quantity architect-engineering contract worth up to $50 million. The JV will be asked to perform works aimed at preserving U.S. Navy, Marine Corps, "and other government facilities" training ranges and other assets, pursuant to National Environmental Policy Act and Executive Order 12114 on Environmental Effects Abroad of Major Federal Actions. Most of the work under this contract will be done at training ranges within the Atlantic Fleet area of responsibility (AOR), but ranges and installations around the world may also be involved. Lasting up to 60 months' duration, this contract is expected to wrap up by March 2019.
  • Honeywell (NYSE: HON  ) was awarded $13.1 million time-and-material task order instructing it to support the U.S. Marine Corps's Afghanistan Retrograde and Redeployment Operations / Maintenance / Preservation Packaging and Packing Support efforts in Afghanistan. Work on this contract should continue through March 2015.

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Rich Smith
TMFDitty

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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Related Tickers

7/2/2015 4:03 PM
HON $102.51 Down -0.33 -0.32%
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LDOS $40.41 Down -0.41 -1.00%
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XLS $0.00 Down +0.00 +0.00%
Exelis Inc. CAPS Rating: *****

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