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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