Pentagon Awards Defense Contracts to Lockheed Martin, BAE, Rolls-Royce

The Department of Defense awarded 19 separate defense contracts Thursday, worth $6.64 billion in total.

Lockheed Martin (NYSE: LMT  ) won two of them:

  • a $145.9 million contract modification to supply the U.S. Army with 13 AN/TPQ-53 counterfire target acquisition radar systems, plus 13 sets of on-board spares. Delivery of these radar systems is due Nov. 30, 2016.
  • a $52.1 million contract modification instructing Lockheed to execute phase 3 of the U.S. Navy's Joint Strike Fighter Autonomics Logistics Information System (ALIS) Standard Operating Unit Version 2 (SOUv2) capability development effort. Phase 3 includes integration of the SOUv2 with the ALIS sustainment system and the F-35 air system. This contract is expected to be complete in August 2015.

Additionally, the Pentagon awarded contracts to two British defense contractors:

  • Rolls-Royce Corp (NASDAQOTH: RYCEY  ) (LSE: RR  ) won a $107 million undefinitized contract action under which it will, for a final price to be determined later, provide maintenance and logistics support on approximately 223 in-service F405-RR-401 Adour engines that power Navy T-45 Goshawk jet trainer aircraft through March 2015.
  • BAE Systems (NASDAQOTH: BAESY  ) (LSE: BA  ) won a $37.4 million firm-fixed-price contract to supply the U.S. Navy with 1,372 Advanced Precision Kill Weapon Systems (APKWS) II WGU-59/B Guidance Sections, along with Navy shipping and storage containers, and supporting documentation. APKWS is a guidance unit that, when attached to a standard 70 mm Hydra rocket, transforms the weapon into a laser-guided precision munition. Delivery is due September 2015.

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