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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. 

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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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