Pentagon Awards $330.2 Million in Defense Contracts

Jacobs Engineering, Lockheed Martin, and Airbus win contracts.

May 16, 2014 at 9:49AM

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. 

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 may not 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.

4 in 5 Americans Are Ignoring Buffett's Warning

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Jun 12, 2015 at 5:01PM

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.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.

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