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.


Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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