Pentagon Awards $216.1 Million in Defense Contracts

Textron, TransDigm, and Northrop Grumman win one contract apiece, and General Dynamics wins two.

Apr 23, 2014 at 8:39AM

The Department of Defense awarded eight defense contracts in its Tuesday evening announcement of contract awards. The total value of contracts awarded was $216.1 million. Among the companies winning contracts:

  • Bell Helicopter Textron (NYSE:TXT) won a firm-fixed-price, sole-source contract to supply the U.S. Navy with $38.4 million worth of yoke assemblies during 51 months in a contract with a July 31, 2018, performance completion date.
  • TransDigm (NYSE:TDG) sub-subsidiary Airborne Systems North America of N.J. won a $30 million firm-fixed-price, indefinite-delivery/indefinite quantity contract to supply the U.S. Army with 110 Joint Precision Airdrop Systems of 10,000 pounds, to include the Parachute and Autonomous Guidance Units. Delivery is due April 20, 2019.
  • Northrop Grumman (NYSE:NOC) was awarded a $25 million contract modification to continue providing the U.S. Navy with repair, maintenance, related engineering services, and necessary equipment for the AN/AQS-14A Sonar Detecting Set, AQS-24 Mine Hunting System, ALQ-141 Acoustic Minehunting/Minesweeping System, plus USM-668 Intermediate Level Test Equipment (ILTE), Modified USM-668A ILTE, and the Swivel Slip-Ring Assembly through February 2015.

General Dynamics (NYSE:GD) subsidiary Bath Iron Works won two contracts:

  • A $28.7 million delivery order to provide fleet maintenance sustainment support to the U.S. Navy through September 2014.
  • A separate $28.7 million award, an undefinitized contract action modification, adding funding for Littoral Combat Ship (LCS) class design services. Bath will be performing engineering, program, and technical support for LCS-class ships through May 2015. 

Rich Smith has no position in any stocks mentioned. The Motley Fool recommends TransDigm Group. The Motley Fool owns shares of General Dynamics, Northrop Grumman, and Textron. 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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