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Pentagon Awards $618 Million in Defense Contracts Tuesday

After taking Monday off, the acquisitions clerks at the Department of Defense got back to work Tuesday, awarding a total of 20 separate defense contracts worth $618.4 million combined. Among the several publicly traded companies winning contracts:

  • Zimmer Holdings (NYSE: ZMH  ) was awarded the third of five potential year-long "option" periods following an initial one-year base contract to supply the U.S. Army, Navy, Air Force, and Marine Corps with orthopedic hip, knee, spine, and extremity trauma implant procedural packages. This portion of the fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract has an estimated top value of $65.6 million, and will extend the contract through March 24, 2015.
  • Textron's (NYSE: TXT  ) Marine Land Systems division was awarded a $22.5 million contract modification on a foreign military sales contract under which it will "deprocess" Mobile Strike Force vehicles and train the Afghan Army for an additional 10 months. This contract will now run through Dec. 31.
  • Boeing (NYSE: BA  ) won a $15.8 million cost-plus-fixed-fee contract to design, develop, build, and test a CH-47F Block II Lightweight Fuel System as part of the U.S. Army's Airframe Component Improvement Program. Delivery is due March 15, 2017.
  • Computer Sciences Corporation (NYSE: CSC  ) was awarded a $7.4 million cost-plus-fixed-fee task order under an existing contract to support U.S. Air Force Global Decision Support Systems through Sept. 30. 

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Rich Smith

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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8/27/2015 4:03 PM
BA $131.87 Up +2.53 +1.96%
The Boeing Company CAPS Rating: ****
CSC $62.64 Up +0.68 +1.10%
Computer Sciences… CAPS Rating: ***
TXT $39.41 Up +1.41 +3.71%
Textron, Inc. CAPS Rating: ****
ZMH $0.00 Down +0.00 +0.00%
Zimmer Holdings, I… CAPS Rating: ****