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Pentagon Awards $330.2 Million in Defense Contracts

The Department of Defense awarded 11 defense contracts in its Thursday evening announcement of contract awards, released after stock markets closed. The total value of contracts awarded was $330.2 million.

Among the publicly traded defense companies winning contracts:

  • Jacobs Engineering (NYSE: JEC  ) won a $23.5 million cost-plus-fixed-fee and cost-reimbursable contract to provide engineering and technology acquisition support to the U.S. Air Force at Hanscom Air Force Base in Massachusetts, Lackland AFB, Texas, Schreiver AFB, Colo., Eglin AFB, Fla., and Wright-Patterson AFB, Ohio, through Nov. 30, 2015. Similar services will also be provided the governments of Oman and Taiwan.
  • Airbus' (NASDAQOTH: EADSY  ) EADS-NA subsidiary was awarded a $55.4 million contract modification to supply the U.S. Army with 10 ARC-231 radios for installation aboard UH-72A Lakota helicopters by June 30, 2015.

And Lockheed Martin (NYSE: LMT  ) won two contracts of its own:

  • A $10.3 million option exercise to perform systems engineering support on the Joint Air-to-Surface Standoff Missile, and to provide necessary tooling and test equipment to the U.S. Air Force. Work on this contract should be completed by March 31, 2017.
  • A $38.5 million delivery order to perform non-recurring engineering support for integration and testing of the Advanced Data Transfer System aboard U.S. Navy MH-60 Sikorsky Seahawk helicopters, including work on the mission system and common cockpit suite, through February 2017. Similar services will also be provided to the governments of Australia and Denmark. 

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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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