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Pentagon Awards $1.01 Billion in Defense Contracts Friday

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The Department of Defense awarded a total of 11 defense contracts Thursday, worth $1.01 billion combined.

The largest of these contracts, an indefinite-delivery/indefinite-quantity, multiple-award contract to provide up to $461 million worth program management support services to the U.S. Army's Program Executive Office Enterprise Information Systems headquarters, directorates, project/product offices and related organizations, went to publicly traded Engility Corporation (NYSE: EGL  ) and five other, privately held companies. The six winners of the contract will bid against each other for the right to fulfill task orders as they are announced during the course of the contract, which runs through March 13, 2019.

Among the publicly traded defense contractors winning contracts:

  • Textron's (NYSE: TXT  ) AAI Corp subsidiary was awarded a $38.5 million contract modification to supply the U.S. Marine Corps with five tactical common data link retrofit kits and mobile maintenance facility spare sets for controlling Shadow unmanned aircraft systems (UAS) by May 31, 2017.
  • Boeing  (NYSE: BA  ) won a $30.7 million cost-plus-fixed-fee contract to provide unspecified "support" for the Defense Advanced Research Projects Agency's (DARPA) Airborne Launch Assist Space Access program through Feb. 20, 2015.
  • ManTech (NASDAQ: MANT  ) SRS was awarded a $15.5 million option exercise to perform systems engineering, product assurance, program safety, systems security, risk management, and launch integration management services to the Space and Missile Systems Center's Launch and Range Systems Directorate through March 22, 2015.

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  • Report this Comment On March 22, 2014, at 6:58 AM, ilsm50 wrote:

    A $461M for a 5 year contract for "services non personal" for project managent "support". A couple of US laws violated and a lot of waste happening here.

    Army should have had the program managers "needing" the services go to GSA which has a huge multiple award contract that task orders are written against and the Army might have saved some money.

    Then again the GSA contracting officers might have asked the Army why they "need the services of "experts" for 5 years they don't comply with the Classification Act" and hire cheaper and more appropriate federal employees".

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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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