Pentagon Awards $1.02 Billion in Defense Contracts

Publicly traded companies winning contracts Monday included Alliant Techsystems, Lockheed Martin, and Rolls-Royce.

May 6, 2014 at 9:48AM

The Department of Defense awarded nine defense contracts in its Monday evening announcement of contract awards. The total value of contracts awarded was $1.02 billion, but the vast majority of the funds awarded -- 81% -- went to a single, privately held fuel distributor to secure fuel supplies for the Department of Homeland Security's Federal Emergency Management Agency.

Among publicly traded defense companies, only three won contracts:

  • Alliant Techsystems (NYSE:ATK) -- soon to become Orbital ATK -- was awarded a modification of a formerly firm-fixed-price undefinitized (i.e., no final price set) contract worth up to $15.2 million. Alliant will now continue providing logistic support services for Iraqi Air Force Cessna 208 intelligence, surveillance, and reconnaissance aircraft, and also for Cessna 208 Armed Caravans through Dec. 31. Alliant will also train students in the maintenance of both types of aircraft.
  • Lockheed Martin (NYSE:LMT) won a $10.3 million cost-plus-fixed-fee, partial-foreign military sales contract to act as MK 41 Vertical Launching System, or VLS, electrical design agent, and to provide the U.S. Navy with technical and engineering services related to the system. The MK 41 VLS is a missile launch system used aboard CG 47-class guided missile cruisers and DDG 51-class guided missile destroyers, and is also used in ground-based ballistic missile defense. Lockheed will perform these services for the U.S. Navy and for the Japanese military through September.
  • Britain's Rolls-Royce (NASDAQOTH:RYCEY) (LSE:RR) was awarded an $8 million contract modification to provide Mission CareTM support for CV-22 AE1107C engines that power Navy Osprey tiltrotor aircraft, including through performing lower power engine removals. Work on this contract will continue through February 2015. 

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. 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.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers