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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