Pentagon Awards Only $93 Million in Defense Contracts Monday

The Department of Defense awarded only six defense contracts Monday, and worth only $93.1 million altogether.

By one measure, Lockheed Martin (NYSE: LMT  ) was the day's biggest winner, taking home two awards:

  • A $13.7 million contract modification paying for it to identify technology for introduction into present and future Aegis Ballistic Missile Defense Baselines/Spirals by June 30. This small-dollar award moves the cumulative value of Lockheed's underlying Aegis BMD contract up toward $1.79 billion.
  • A separate $9.1 million contract modification paying for continued support of the U.S. Army's AN/TPQ-53 radar fleet through Sept. 30.

Other publicly traded companies winning contracts included:

  • Raytheon (NYSE: RTN  ) , recipient of a $9.6 million contract modification to perform mission support and sustainment activities relating to U.S. Air Force and Navy AIM-9X Sidewinder missiles, as well as for missiles in the inventories of the militaries of Australia, Denmark, Finland, Poland, Saudi Arabia, Singapore, South Korea, Switzerland, and Turkey under the Foreign Military Sales Program. This contract will now run through April 2015.
  • Wolverine World Wide (NYSE: WWW  ) , which was awarded an option-year exercise (the third of four possible) to supply the U.S. Navy with up to $15 million worth of men's and women's safety boots through April 7, 2015. 

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: 2906256, ~/Articles/ArticleHandler.aspx, 10/31/2014 12:08:06 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