One of the bigger winners when the Department of Defense awarded 29 separate defense contracts in its Friday evening announcement of contract awards was British defense contractor BAE Systems (NASDAQOTH:BAESY) (LSE:BA), which claimed three separate wins:

  • A contract modification worth up to $89.5 million exercising the second (of two possible) option-year periods following a one-year base contract to supply the U.S. Army, Navy, Air Force, and Marine Corps with enhanced small arms protective inserts -- sometimes referred to by the acronym ESAPI -- and referring to the ceramic plates inserted into body armor. Deliveries will be ordered through July 1, 2015.
  • A $10.8 million contract modification to supply the U.S. Army with 61 fire-support sensor systems and seven sets of authorized stock-age list spares. Deliveries are due by May 22, 2015.
  • A $10.7 million contract to design, develop, integrate, test, evaluate, install, field, certify, maintain, and support logistics activities for cooperative identification, non-cooperative target recognition air traffic control equipment, systems, and subsystems for the Naval Air Warfare Center Aircraft Division's Identification Systems Division. This work should be completed by April 2015.

Discover a top stock pick for 2014
Every year, The Motley Fool's chief investment officer handpicks one stock with outstanding potential. Just click here to download your free copy of "The Motley Fool's Top Stock for 2014" today.

Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.