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Pentagon Awards $145 Million in Defense Contracts

The Department of Defense awarded nine defense contracts in its Monday evening announcement of contract awards. The total value of contracts awarded was $144.7 million.

Among publicly traded companies, L-3 Communications (NYSE: LLL  ) won two separate contracts:

  • A $22.2 millioncontract to extend the service lives of four U.S. Navy Landing Craft Air-Cushioned, or LCACs, under a service life extension program. Originally designed to last 20 years, these LCACs will be refurbished to extend their usefulness out to 30 years, including by replacing obsolete electronics, repairing corrosion damage, and improving the vessels' reliability, maintainability, and survivability. This work should be completed by October 2016.

    A U.S. Navy LCAC. Photo: U.S. Navy.

  • A $13.8 million contract to do similar service life extensions on two more Navy LCACs. The upgrades to be performed under this second contract are similar to those in the first, but its completion date is sooner -- June 2016.

Two other companies won one contract apiece:

  • Northrop Grumman (NYSE: NOC  ) won a $7.9 million contract to render non-personal information technology support to the U.S. Army Regional Cyber Center-Europe (RCC-E)/U.S. Army 5th Signal Command for an unspecified period.
  • Bimbo Bakeries USA, America's largest bakery company and a subsidiary of Mexico's Grupo Bimbo (NASDAQOTH: GRBMF  ) , won a contract to supply the U.S. Army and Air Force with up to $8.8 million worth of fresh bread and bakery products through Oct. 14, 2017.

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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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8/28/2015 3:28 PM
GRBMF $2.46 Up +0.19 +8.37%
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LLL $106.97 Down -0.15 -0.14%
L-3 Communications… CAPS Rating: ***
NOC $165.54 Down -1.54 -0.92%
Northrop Grumman C… CAPS Rating: *****