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Pentagon Awards $294 Million in Defense Contracts

The Department of Defense awarded eight defense contracts Friday, worth $294.5 million altogether. Among the companies winning contracts:

  • Boeing (NYSE: BA  ) was awarded a $9.9 million contract modification increasing the value of an initial $75.6 million foreign military sales contract to train Royal Saudi Air Force pilots and mechanics in the use and maintenance of the F-15SA fighter jet. Training will take place both in the U.S. and also in Saudi Arabia, and should wrap up Aug. 5, 2019.
  • Science Applications International Corp (NYSE: SAI  ) was awarded a $9.4 million contract modification exercising an option to extend by one year the period during which SAIC assists the U.S. Navy in demilitarization of munitions by providing analytical engineering and technical support services through May 2015.
  • Murphy Oil (NYSE: MUR  ) subsidiary El Dorado Engineering received a similar option-year extension for the same task. Its contract, which likewise runs through May 2015, will be worth $8.9 million to Murphy.
  • Raytheon (NYSE: RTN  ) was awarded $8.3 million worth of option exercises on a Navy contract for Cooperative Engagement Capability (CEC) for two AN/USG-2B Shipboard System, one DDG Mod Kit, and one DDG Mod INCO-R Kit. The Pentagon describes CEC as "a sensor netting system that significantly improves battle force anti-air warfare capability ... by improving overall situational awareness and by enabling longer range, cooperative, multiple, or layered engagement strategies." Work on this contract should continue through October 2015. 


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Rich Smith

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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