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Pentagon Awards $214.3 Million in Defense Contracts

The Department of Defense awarded 10 defense contracts Monday, worth $214.3 million altogether. Among the companies winning contracts:

  • L-3 Communications (NYSE: LLL  ) won a $50.9 million firm-fixed-price, multi-year contract to supply Automated Installation Entry hardware and software to the U.S. Army for use at up to 35 military installations by April 13, 2018.
  • General Dynamics (NYSE: GD  ) subsidiary American Overseas Marine LLC was awarded a $32.7 million option exercise to operate and maintain seven large, medium-speed, roll-on/roll-off ships for the U.S. Navy's Military Sealift Command for one additional year, through April 2015.
  • BAE Systems (NASDAQOTH: BAESY  ) (LSE: BA  ) won a $6.7 million contract to supply 14 AN/UPX-41 (C) Digital Interrogators and 33 Mode 5 Identification Friend or Foe field change kits to the U.S. Navy, along with two Digital Interrogators and 12 IFF kits to the Government of Japan. Delivery is due December 2015. 

http://www.fool.com/investing/general/2014/04/15/tuesdays-top-news-headlines.aspx


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Rich Smith
TMFDitty

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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