Pentagon Awards $294.9 Million in Defense Contracts

The Department of Defense awarded $294.9 million in funding via 14 separate defense contracts Thursday. Of these, Lockheed Martin (NYSE: LMT  ) won two:

  • A $14.7 million contract modification to supply the U.S. Air Force with initial spare parts for 42 C-130J Super Hercules transport aircraft and 22 HC/MC-130J Combat King II combat search-and-rescue and Commando II special mission aircraft purchased under a five-year option contract. Delivery dates on these parts will vary, the Department of Defense said in its press release, "depending upon the lead time to procure."
  • A $7.3 million firm-fixed-priced delivery order to repair 12 common cockpit items in U.S. Navy H-60R/S Seahawk helicopters. These repairs are to be completed by Jan. 12, 2016.

Separately, Boeing (NYSE: BA  ) was awarded a single contract worth $43.3 million, which modifies an existing contract to provide training and support to U.S. Army units receiving CH-47F Chinook helicopters through Feb. 29, 2016.

Boeing's CH-47F Chinook. Photo: Wikimedia Commons.


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  • Report this Comment On April 21, 2014, at 5:04 PM, Grandpastu wrote:

    No mention of the millions of dollars spent on "Black" projects, kickbacks to Congressmen, or other waste!

  • Report this Comment On April 22, 2014, at 1:25 AM, ospreycbk wrote:

    Only $294.9M, must have been a slow day at the Pentagon. Normally Lockheed gets twice that amount for just one contract.

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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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