Pentagon Awards $120 Million Corps of Engineers Contract

The Pentagon on Thursday awarded 14 defense contracts worth a combined $361.8 million. The largest of these contracts, consuming about one-third of the total dollars awarded, will be split among a half-dozen companies including AECOM Technology (NYSE: ACM  ) , Chicago Bridge & Iron (NYSE: CBI  ) subsidiary Shaw Environmental & Infrastructure, and Leidos (NYSE: LDOS  ) subsidiary SAIC-CDM Solutions.

These six companies could share in a $120 million task order contract to perform environmental remediation and long-term response work for the Northwestern Division of the U.S. Army Corps of Engineers and for Region 2 of the Environmental Protection Agency. The six companies will bid against each other for the right to perform various task orders as they are announced under this umbrella contract stretching through March 19, 2019.

Other winners of awards Thursday included:

  • Allergan (NYSE: AGN.DL  )  received a contract worth up to $37.2 million to supply the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with various pharmaceutical surge, resupply, and sustainment products. Initially expected to run through March 20, 2015 , this one-year base contract could be extended by as many as seven additional one-year option periods, potentially taking it through March 2022.
  • ViaSat (NASDAQ: VSAT  ) won a $6.7 million contract to supply the Navy with spare parts, repairs, and support for the ArcLight Mobile Satellite Communication System that supports special projects aircraft and the EP-3 reconnaissance aircraft. The ArcLight Mobile Satellite Communication System is a high-frequency link used to transmit data among aircraft, their command posts, and other military organizations that have access to the system. ViaSat's contract will continue through March 2019.


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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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