Pentagon Awards $362 Million in Defense Contracts Thursday

Raytheon, Boeing, General Dynamics, ATK, and Lockheed Martin all win contracts.

Mar 21, 2014 at 9:33AM

The Department of Defense awarded a total of 14 defense contracts Thursday, worth $361.8 million combined. Among the publicly traded defense contractors winning contracts:

  • Raytheon (NYSE:RTN) was awarded $23.6 million cost-plus-fixed-fee delivery order to supply the U.S. Navy with 63 ECP-6279 radar retrofit kits for installation aboard F/A-18 E/F fighter-bombers and EA-18G electronic warfare aircraft through August 2016.
  • Boeing (NYSE:BA) was awarded a $9.6 million firm-fixed-price delivery order to supply major structural repair and maintenance equipment for F/A-18E/Fs and EA-18Gs by September 2016.
  • General Dynamics (NYSE:GD) was awarded a $20.6 million contract modification to supply the U.S. Army with an unspecified amount of M1002 120mm tank training rounds ammunition by May 31, 2016.
  • Alliant Techsystems (NYSE:ATK) received a similar $19.2 million contract modification to supply M1002 training rounds to the Army.
  • Lockheed Martin (NYSE:LMT) was awarded an $8.5 million contract modification funding additional long lead-time efforts required to incorporate a drag chute into the design of F-35A Joint Strike Fighter Conventional Take-Off and Landing (CTOL) fighter jets to be sold to the government of Norway. Lockheed is expected to complete work on this contract by November 2015.

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Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics, Lockheed Martin, and Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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