Pentagon Awards $648 Million in Defense Contracts Wednesday

The Department of Defense awarded only nine defense contracts in its Wednesday evening announcement of contract awards, released after stock markets closed for the day. The total value of contracts awarded was $648.3 million.

Among the publicly traded defense contractors winning awards:

  • The Sparton Corp. (NYSE: SPA  ) /Undersea Sensor Systems joint venture, ERAPSCO, won a $166 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract to supply the U.S. Navy with 141,263 AN/SSQ Series sonobuoys and 5,000 MK-84 Signal Underwater Sound devices, both used to detect underwater submarines, between now and October 2019.
  • General Dynamics (NYSE: GD  ) was awarded a $65.2 million foreign military sales contract modification to provide additional training, logistics support, and maintenance services to the Iraqi M1A1 Abrams Program through Feb. 28, 2015. General Dynamics is the manufacturer of the Abrams main battle tank.
  • Northrop Grumman (NYSE: NOC  ) was awarded a $17 million contract modification to correct "deficiencies" in radar software used by its Global Hawk Block 40 UAVs. Work under this contract will now continue through Sept. 30, 2015.
  • URS Corporation (NYSE: URS  ) , soon to be acquired by AECOM (NYSE: ACM  ) , won an $8 million firm-fixed-price indefinite-delivery contract to perform architectural and engineering services for the Mobile District and South Atlantic Division of the U.S. Army Corps of Engineers through July 15, 2019.

Leaked: Apple's next smart device (warning, it may shock you)
Apple
recently recruited a secret-development "dream team" to guarantee that its newest smart device was kept hidden from the public for as long as possible. There's one small company making Apple's gadget possible, and its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3032741, ~/Articles/ArticleHandler.aspx, 8/21/2014 4:24:32 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement