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Pentagon Awards $402 Million in Defense Contracts Wednesday

The Department of Defense awarded 11 defense contracts in its Wednesday evening announcement of contract awards, released after stock markets closed for the day. The total value of contracts awarded came to $401.9 million.

Among the publicly traded companies winning contracts:

  • Northrop Grumman (NYSE: NOC  ) was awarded a $24 million contract modification for work on a pre-existing U.S. Air Force Navigation Warfare Technology Research Modeling, Simulation, Wargaming, and Analyses contract. The total value on this contract has now increased to $48 million, and its duration is extended through April 26, 2017.
  • Boeing (NYSE: BA  ) was awarded a $14.9 million delivery order to supply the U.S. Navy with two Mission Systems Emulation Environment units for use in the "P-8A Poseidon Increment 3 Interface Development" program, upgrading P-8A Poseidon sub-hunting aircraft. Hardware, Tactical Open Mission software, computer software configuration items, and P-8A real-time simulators and interactive warfare simulators are also included in this order, which has a September 2016 delivery deadline.
  • BAE Systems (NASDAQOTH: BAESY  ) was awarded a $14.8 million contract modification to perform maintenance and upgrades work on the landing ship dock USS Harpers Ferry (LSD 49) while it is in port in San Diego through November.
  • FLIR Systems  (NASDAQ: FLIR  ) subsidiary ICx Technologies was awarded a $6.6 million contract modification to supply spare parts for low-rate initial production of dismounted reconnaissance sets, kits, and outfits used by U.S. Army, Marine Corps, Air Force, Navy, and civil support teams for "nuclear biological chemical contamination avoidance." Deliveries are due Sept. 30.
  • Exelis (NYSE: XLS  ) won a requirements-type contract with firm-fixed unit prices and cost reimbursable contract line numbers, estimated at $6.5 million in value. Under this contract, Exelis will provide material, appliances, and "above and beyond services" for maintenance services at government family housing facilities at the Kaiserslautern Military Community in Germany, comprising numbering 1,903-plus housing units at Landstuhl, Ramstein Air Base, and Vogelweh Air Base. This contract runs through Sept. 30, 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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