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Pentagon Awards $963 Million in Defense Contracts

The Department of Defense awarded 10 defense contracts in its Monday evening announcement of contract awards, with a total value of $963.1 million.

The biggest award of the day, worth $774 million, took the form of a contract modification to multiple awardees supplying computer hardware, software, and related services to the U.S. Army under the Information Technology Enterprise Solutions-2 Hardware program. This contract will now extend through June 23, 2015. Winners included:

  • CDW Corporation (NASDAQ: CDW  )
  • Dell Federal Systems L.P.
  • IBM (NYSE: IBM  )
  • World Wide Technology
  • Unicom Government
  • Iron Bow Technologies, LLC, which, according to S&P Capital IQ, is a subsidiary of URS Corporation (NYSE: URS  ) .

Individual companies winning contracts Monday included:

  • General Dynamics' (NYSE: GD  ) National Steel and Shipbuilding Co. (NASSCO) subsidiary, awarded a not-to-exceed $64 million contract modification to procure material needed to construct Mobile Landing Platform 4 Afloat Forward Staging Base platform. This contract will run through March 2017.
  • Raytheon (NYSE: RTN  ) won a sole-source, firm-fixed-price contract to supply up to $8.7 million worth of receiver exciters for the U.S. Navy over the next 30 months. This contract will run through Dec. 31, 2016.
  • Miltec Corp., which S&P Capital IQ indicates is a subsidiary of Ducommun (NYSE: DCO  ) , won a $44 million contract for R&D work on an Advanced Hypersonic Weapon-Technology Demonstration for the U.S. Space and Missile Defense Command. This contract has an estimated completion date of June 5, 2019.

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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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