Pentagon Awards $2.25 Billion in Defense Contracts Wednesday

The Department of Defense awarded 14 separate defense contracts Wednesday, worth $2.25 billion in total. Among the publicly traded companies winning contracts:

  • L-3 Communications (NYSE: LLL  ) won a $58.5 million indefinite-delivery requirements contract to provide logistics services and materials needed for maintenance work on U.S. Navy T45TS jet training systems and T-45 Goshawk jet training aircraft through July.
  • Rolls-Royce (NASDAQOTH: RYCEY  ) was awarded a $39.6 million contract modification paying for 26,495 flight hours' worth of maintenance work on V-22 Osprey tiltrotor aircraft, and also for 26 low power MV-22 repairs through February 2015.
  • Olin Corp.'s (NYSE: OLN  ) Winchester Division was awarded a $28.7 million option exercise to supply the U.S. Army with an unspecified amount of .50 caliber and 5.56mm ammunition through Sept 30, 2016.
  • Raytheon (NYSE: RTN  ) won a cost-plus-fixed-fee contract worth up to $33.7 million to design, fabricate, test, and deliver to the U.S. Air Force a space-flight ready instrument capable of conducting hypertemporal imaging from a geosynchronous earth orbit. Delivery is due January 2017.
  • United Technologies (NYSE: UTX  ) was awarded a $10.2 million foreign military sales contract modification to begin acquiring long-lead components, parts, and materials necessary for the Low-Rate Initial Production of eight Lot VIII F135 Conventional Take-Off and Landing propulsion systems for F-35 fighter jets destined for the governments of Japan (six) and Israel (two). Delivery is due September 2016.

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