Pentagon Awards $1.34 Billion in Defense Contracts Friday

The Department of Defense awarded only five defense contracts Friday, worth $1.34 billion in total. Among the publicly traded companies winning contracts:

  • Exelis (NYSE: XLS  ) won a firm-fixed-price, time and material, undefinitized foreign military sales contract worth up to $75.3 million to supply the Turkish Air Force with 21 ALQ-211(V)-9 Advanced Integrated Defensive Electronic Warfare System pods. In addition to the pods themselves, Exelis will provide necessary support services, support equipment, and integrate the pods into Turkey's F-16D Block 50 fighter jets. This contract is expected to be complete by May 2017.
  • Leidos (NYSE: LDOS  ) was awarded a $9.8 million contract modification, under which it will provide information technology support to U.S. Army Enterprise Equipping Systems through March 15, 2015.

Additionally, the Pentagon clarified a point regarding the value of the $8 million Aegis Ashore Missile Defense contract modification awarded to Lockheed Martin (NYSE: LMT  ) Thursday. Specifically, the Pentagon noted that the total value of this contract to Lockheed, inclusive of Thursday's modification, has increased to $336.7 million (rather than to the $309.6 million previously reported).


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