Pentagon Awards $249 Million in Defense Contracts

The Department of Defense awarded only eight defense contracts in its Tuesday evening announcement of contract awards. The total value of contracts awarded was $249.2 million.

Kollsman, which, according to S&P Capital IQ data, is a subsidiary of  Israeli defense contractor Elbit Systems (NASDAQ: ESLT  ) , won the day's biggest award -- a $56.9 million contract to repair four weapons-repairable assemblies that are part of the night targeting systems being upgraded on U.S. Marine Corps AH-1W SuperCobra attack helicopters. Kollsman will be performing these repairs as needed through July 2019.


U.S. Marine Corps AH-1W SuperCobra. Photo: Wikimedia Commons.

Among the other defense contractors winning contracts Tuesday:

  • Triumph Group (NYSE: TGI  ) won a $55.8 million contract to conduct repairs on U.S. Marine Corps MV-22 Osprey tiltrotor aircraft and U.S. Air Force CV-22 Osprey variants, as well. These repairs will continue through Sept. 30, 2019.
  • Britain's BAE Systems (NASDAQOTH: BAESY  ) (LSE: BA  ) was awarded a $20.5 million contract modification to perform additional maintenance and upgrades work on the guided missile destroyer USS Decatur (DDG 73) while it is in dry-dock on selected restricted availability through February 2015.
  • Lockheed Martin (NYSE: LMT  ) won an $11.3 million contract to supply production kits for Point and Click Operator System Interface and Link-16 retrofit programs upgrading U.S. Navy MH-60R/S Seahawk helicopters. This contract will run through August 2017.

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