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Pentagon Awards $534 Million in Defense Contracts

The Department of Defense awarded 13 defense contracts in its Thursday evening announcement of contract awards. The total value of contracts awarded was $534.4 million.

Among the publicly traded companies winning contracts:

  • BAE Systems (NASDAQOTH: BAESY  ) won a $70.1 million contract to supply the U.S. Army with Low-Rate Initial Production of up to 30 tactical signals intelligence payload systems. Engineering support services will also be provided. The estimated completion date for this contract is June 11, 2016.
  • Textron (NYSE: TXT  ) subsidiary AAI Corp. was awarded a $22.5 million contract modification funding the acquisition of Sub-ESM 411 Shadow Reliability Technology Refreshments and Changes II, needed to effect various technological improvements to U.S. Army Shadow unmanned aerial vehicles. Work under this contract should be complete by June 12, 2015.
  • Armtec Countermeasures Co., which, according to S&P Capital IQ, is a subsidiary of Esterline Technologies (NYSE: ESL  ) , won a three-year, $20.9 million  contract to supply airborne chaff anti-missile countermeasures to the U.S. Navy, Marine Corps, and Air Force, and to the governments of Australia and the United Arab Emirates. This contract will run through June 2017.
  • Boeing (NYSE: BA  ) was awarded a $10.2 million delivery order to conduct an engineering change proposal for the fifth and sixth Receiver Channel Wiring on AN/APG-79 Active Electronically Scanned Array Radio Detection and Ranging equipment for the U.S. Navy. This work should be complete by January 2016.
  • L-3 Communications (NYSE: LLL  ) won an $8.1 million firm-fixed-price foreign military sales contract to supply 110 ALR-69 Radar Warning Receiver (RWR) legacy system improvement program (LSIP) kits to the Royal Netherlands Air Force, and 90 more LSIP kits to the Royal Norwegian Air Force. Deliveries are due Nov. 30, 2016.

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Rich Smith
TMFDitty

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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