Pentagon Awards $392.6 Million in Defense Contracts

The Department of Defense awarded 12 defense contracts in its Wednesday evening announcement of contract awards. The total value of contracts awarded was $392.6 million.

Among the publicly traded defense companies winning contracts:

  • Thermo Fisher Scientific (NYSE: TMO  ) won the biggest award of the day, a fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract to supply the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with up to $120 million worth of laboratory supplies and wares through at least May 13, 2015. Up to four optional one-year extensions may be added onto this contract, which would increase the contract's value.
  • Jacobs Engineering (NYSE: JEC  ) won a $60.4 million cost-plus-fixed-fee and cost-reimbursable, sole-source contract to provide engineering and technology acquisition support to the U.S. Air Force, and also to allied air forces in Australia, Iraq, Jordan, Saudi Arabia, and Taiwan through Jan. 31, 2015.
  • Raytheon (NYSE: RTN  ) was awarded a $22 million contract modification funding software coding and security work on the U.S. Space and Missile Systems Center's military Global Positioning System through Aug. 31, 2015.
  • BAE Systems (NASDAQOTH: BAESY  ) was awarded a $16.1 million contract modification funding the advance purchase of V903 engines to power U.S. Army Paladin integrated management Low-Rate Initial Production vehicles. This contract will run through Dec. 31, 2018.
  • Boeing (NYSE: BA  ) won an (estimated) $7.3 million firm-fixed-price requirements contract to remanufacture 77 air-launched cruise missile warhead arming devices into the 76560-11 configuration for the U.S. Air Force by May 31, 2015.

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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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