Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

2

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.

link


Read/Post Comments (2) | Recommend This Article (2)

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.

  • 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.

Add your comment.

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: 2920473, ~/Articles/ArticleHandler.aspx, 7/29/2015 1:12:29 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...

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.

Today's Market

updated 3 hours ago Sponsored by:
DOW 17,630.27 189.68 1.09%
S&P 500 2,093.25 25.61 1.24%
NASD 5,089.21 49.43 0.98%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/28/2015 4:00 PM
BA $141.81 Up +0.78 +0.55%
The Boeing Company CAPS Rating: ****
LMT $203.63 Up +2.46 +1.22%
Lockheed Martin Co… CAPS Rating: ****

Advertisement