Pentagon Awards $785.6 Million in Defense Contracts

The Department of Defense awarded 11 defense contracts Tuesday, worth $785.6 million altogether. The biggest winner of the day was Austria's Rosenbauer International, whose Rosenbauer America subsidiary won a contract to supply the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with up to $382.5 million worth of commercial type fire and emergency vehicles through April 7, 2019.

Among U.S.-listed, publicly traded companies, only two firms came away with contracts. Lockheed Martin (NYSE: LMT  ) was the biggest winner, taking home two awards:

  • A $45.3 million contract modification funding the supply of Aegis Weapon System MK 7 equipment sets for the U.S. Navy through September 2021.
  • A $9.4 million cost-plus-fixed-fee contract to develop an "affordable, rugged, set-and-start" ground-based wind profiler that can precisely measure wind speeds and vectors to assist in precision air drops to troops at forward operating bases. When complete, Lockheed's equipment should permit Air Force planes to air drop resupply parachutes within 50 meters of their target points. This project is expected to be complete by Oct. 16, 2015.

Henry Schein (NASDAQ: HSIC  ) was the other publicly traded company awarded funds, receiving the final of four possible one-year-long option exercises on a contract to supply the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with up to $26.6 million worth of various laboratory supplies through April 25, 2015.

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