Pentagon Awards Nearly 3 Dozen Defense Contracts Friday

Tutor Perini, Honeywell, CACI, SAIC, Triumph Group, and Cubic Corp all win contracts.

Mar 28, 2014 at 11:43PM

The Department of Defense awarded 34 separate defense contracts worth $1.46 billion in total Friday. Among the publicly traded companies winning work:

  • A joint venture between Britain's Mace International and Tutor Perini (NYSE:TPC) subsidiary Black Construction won one of the larger awards, an indefinite-delivery/indefinite-quantity contract for "design-build/design-bid-build" construction projects at the U.S. Navy Support Facility at Diego Garcia, worth up to $95 million. Lasting 60 months' duration, this contract has an expected completion date of March 2019.
  • Honeywell (NYSE:HON) won one of thee indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract to provide life cycle sustainment, integration, acquisition, and technical support for anti-terrorism/force protection Naval Electronic Surveillance Systems. An "as required" contract, this three-year contract may ultimately be worth as much as $43.2 million to Honeywell -- or more, if one or both of the additional one-year option periods are exercised. For now, the expected completion date is March 27, 2017.
  • CACI won one of the other anti-terrorism/force protection contracts. Like Honeywell's, it should wrap up on March 27, 2017, but may be extended. The size of CACI's contract, however, is expected to be slightly smaller -- only $42.4 million.
  • Science Applications International Corp (NYSE:SAI) won a four-month prime vendor bridge modification worth up to $40 million on a contract to continue unspecified "maintenance, repair, and operations" work for the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies through July 31, 2014.
  • Triumph Group (NYSE:TGI) won a firm-fixed-price, indefinite-quantity/indefinite-quantity contract to supply the U.S. Navy with up to $20 million worth of aircraft parts and support through Dec. 31, 2020.
  • Cubic Corp (NYSE:CUB) won a $6.9 million firm-fixed-price, cost-plus-fixed-fee and cost contract to support management of inventory supply chains, spare parts supply, repairs, and other aspects of the U.S. Air Force's P5 Combat Training System (P5CTS) Depot through March 5, 2015.

Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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