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Pentagon Awards $877 Million Contract for Military Training

The Department of Defense awarded 11 defense contracts Thursday, worth $1.64 billion altogether. More than half the funds on offer, however, went to seven companies chosen to participate in a major Pentagon training project.

The contract in question, worth an estimated $876.9 million over the next five years, takes the form of cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity awards to:

  • Booz Allen Hamilton (NYSE: BAH  )
  • General Dynamics (NYSE: GD  )
  • Lockheed Martin (NYSE: LMT  )
  • Northrop Grumman (NYSE: NOC  )
  • Science Applications International Corp (NYSE: SAIC  )
  • and two other privately held firms.

These seven firms will bid against each other to win various task orders over the next five years to perform work under the Pentagon's Joint Force Development program, which aims to "advance the operational effectiveness of the current and future joint force." Tasks will involve providing continuously adaptive support for training and real-world operations through "education (academics), training assessment, experimentation (warfighting solutions), and infrastructure." This contract is expected to run through April 30, 2019.

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Rich Smith

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.

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