Pentagon Awards $2.2 Billion in Defense Contracts Thursday

Accenture, Airbus, Textron, and Rockwell Collins all take home new awards.

Jun 27, 2014 at 1:32PM

The Department of Defense awarded 17 defense contracts in its Thursday evening announcement of contract awards, released after stock markets closed for the day. The total value of contracts awarded was $2.20 billion.

Among the publicly traded defense companies winning contracts:

  • Accenture (NYSE:ACN) was awarded a $42.4 million option exercise extending the duration of a firm-fixed-price, multi-year contract to install a "general fund enterprise business system" for the U.S. Army. This contract now runs through June 27, 2015.
  • Airbus's (NASDAQOTH:EADSY) EADS-NA subsidiary was awarded a $14.4 million option exercise to perform logistics work relating to U.S. Army UH-72A Lakota utility helicopters through May 15, 2015.
  • Rockwell Collins (NYSE:COL) was awarded a $7.7 million option exercise to supply the U.S. Navy with AN/ARC-210(V) Electronic Radios and ancillary equipment for use aboard a variety of aircraft, with a May 2016 delivery date. 
  • Bell Helicopter Textron (NYSE:TXT) was awarded two separate contracts. Both are described as supplying U.S. Navy locations in Texas with unspecified "aircraft blade assemblies." Both are described as having Aug. 31, 2017 deadlines for completion. The only difference between the two contracts is that one states a maximum value of $8.1 million, and the other is for up to $7.9 million worth of such assemblies -- making for a total maximum value of $16 million.

Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Accenture. The Motley Fool owns shares of Textron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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