Pentagon Awards $298.5 Million in Defense Contracts

The Department of Defense awarded 10 defense contracts Friday, worth $298.5 million altogether. Among the publicly traded defense contactors winning contracts:

  • CACI (NYSE: CACI  ) , along with two privately owned defense contractors, won a place in a $32.6 million contract to provide comprehensive program management support, and other services, for the U.S. Navy's Bureau of Naval Personnel-Navy Personnel and Pay Modernization. The three firms winning places in this contract will bid against each other to win specific task orders to do work under this contract through June 30, 2017.
  • Boeing (NYSE: BA  ) was awarded an order to supply the U.S. Army, Navy, and Air Force with up to $13.5 million worth of unspecified national stock numbers items through June 2014.
  • BAE Systems (NASDAQOTH: BAESY  ) was awarded an $11.3 million contract modification to perform maintenance and upgrades on the guided missile destroyer USS Bulkeley (DDG 84) through September 2014.
  • Raytheon (NYSE: RTN  ) won a $10 million cost-plus-fixed-fee, multi-year, foreign military sales contract to provide services, hardware, facilities, equipment, planning, management, technical, and logistical support for testing and failure analysis to be conducted on Patriot Advanced Capability (PAC)-3 missile rounds destined for delivery to foreign military buyers in Israel, Japan, Korea, Kuwait, Saudi Arabia, Taiwan, and the United Arab Emirates. Work on this contract should be complete by Jan 31, 2017.
  • Rockwell Collins (NYSE: COL  ) was awarded a $6.6 million option exercise to supply dozens of AN/ARC-210(V) radios and related equipment to the U.S. Air Force for installation board a variety of aircraft through December 2014. 

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2942047, ~/Articles/ArticleHandler.aspx, 11/29/2014 12:31:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement