Pentagon Awards $1.46 Billion in Defense Contracts Friday

The Department of Defense worked overtime Friday, awarding 34 separate defense contracts in 24 hours. Valued at $1.46 billion in total, the contracts covered everything from aircraft, to anti-aircraft missiles, food service for servicemen and servicewomen. But among the more traditional "defense contractors" winning work:

  • General Dynamics (NYSE: GD  ) won a $74.6 million firm-fixed-price contract to develop, design, and deliver to the U.S. Marine Corps 916 Cougar egress upgrade kits for Force Protection-designed Mine-Resistant, Ambush-Protected vehicles (MRAPs). These kits include upgrades to MRAP front doors, rear doors, rear steps, and exhaust systems aimed at increasing the survivability of troops within. Work on this contract should be completed by September 2015.
  • Britain's Airbus was awarded a $34 million contract modification to supply the Royal Thai Army with six Lakota helicopters equipped with environmental control units, mission equipment packages, and airborne radio communication (ARC-231) radios,kk by April 3, 2015.
  • Kaman Corporation (NYSE: KAMN  ) was awarded a $41.6 million contract modification to produce 10,001 Lot 11 Joint Programmable Fuze systems for the U.S. Air Force by April 2016.
  • General Electric (NYSE: GE  ) won a $24.9 million firm-fixed-price contract to perform out-of-warranty repairs on F138 engines (used to power C-5A Super Galaxy aircraft) for the U.S. Air Force through March 31, 2016.
  • L-3 Communications (NYSE: LLL  ) was awarded a $9.7 million contract modification to continue providing tier 1 service desk support to the U.S. Army in the National Capital Region through March 29, 2015.
  • Boeing (NYSE: BA  ) subsidiary Insitu was awarded $8.4 million firm-fixed-price delivery order to supply the U.S. Marine Corps with hardware (including spare parts) and services necessary to operate, maintain, and support previously procured RQ-21A Blackjack EOC unmanned aircraft systems. Delivery is due December 2014.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2895419, ~/Articles/ArticleHandler.aspx, 12/18/2014 3:50:28 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement