Pentagon Awards $334.4 Million in Defense Contracts Tuesday

Northrop Grumman, Lockheed Martin, United Technologies, and Oshkosh number among the winners.

Apr 30, 2014 at 9:42AM

The Department of Defense awarded only nine defense contracts in its Tuesday evening announcement of contract awards. The total value of contracts awarded was $334.4 million. Among the winners:

  • Northrop Grumman (NYSE:NOC) won an $88.2 million indefinite-delivery/indefinite-quantity, firm-fixed-price supply contract with a contract line item to perform cost-plus-fixed-fee engineering and technical services for the U.S. Navy. Specifically, Northrop will work on integrated bridge systems and steering/ship control systems, modernizing multiple pieces of electronic equipment and also performing analysis, repair, improvement, installation, testing, and training of fleet personnel in the use of this equipment through April 2019.
  • Lockheed Martin (NYSE:LMT) was awarded an $80.7 million contract modification to supply the U.S. Army with a total of 17 "Lot 9" Modernized Target Acquisition Pilot Night Vision Sensor systems, and to supply the Indonesian military with an additional nine such systems. Delivery is due July 31, 2018.
  • Oshkosh (NYSE:OSK) was awarded an $8.6 million contract modification to supply the U.S. Army with 39 Family of Medium Tactical Vehicles-type heavy trucks. These funds will also cover applicable federal retail excise tax. Delivery is due Sept. 30, 2015.
  • United Technologies (NYSE:UTX) subsidiary Sikorsky Aerospace Maintenance was awarded a $7.9 million option exercise to perform organizational, intermediate, and depot-level maintenance work on aircraft operated by the U.S. Navy's adversary squadrons. Adversary squadrons consist of U.S. pilots flying either foreign-built planes or older U.S. planes, and flying them in styles similar to those used by foreign air forces. The unusual "air forces" involved in this training require specialized knowledge in how to maintain their planes. Sikorsky's contract will run through December. 

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin and Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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