Northrop Grumman Wins $300 Million as Pentagon Awards $1.3 Billion in Defense Contracts

The Department of Defense awarded 14 defense contracts in its Friday evening announcement of contract awards. The total value of contracts awarded was $1.3 billion.

Among the publicly traded companies winning contracts:

  • Northrop Grumman (NYSE: NOC  ) won a $300 million indefinite-delivery/indefinite-quantity, cost-plus-incentive-fee contract to provide systems engineering, management, and sustainment services to the U.S. Air Force Weather Agency's enterprise information systems, which produce and disseminate real-time weather services and products worldwide. This five-year contract will run through July 31, 2019.
  • BAE Systems (NASDAQOTH: BAESY  ) was awarded an $88.3 million contract modification to continue engineering and manufacturing development work on the U.S. Army's M109A7 Paladin self-propelled howitzers, and accompanying M992A3 field artillery ammunition supply vehicles through March 31, 2017.
  • Sysco (NYSE: SYY  ) won a contract to provide the U.S. Army and Air Force with up to $16.5 million worth of prime vendor food and beverage support through July 13, 2019.
  • URS Corp (NYSE: URS  ) was awarded the second (of three possible) option periods on a contract to provide the U.S. Defense Logistics Agency with up to $11.8 million worth of services receiving, storing, and issuing unspecified material through July 31, 2015.
  • Raytheon (NYSE: RTN  ) was awarded an $8.5 million contract modification to conduct integration and testing work on Advanced Medium-Range Air-to-Air Missile (AMRAAM) Production Lot 27 for the Royal Australian Air Force. This modification extends Raytheon's existing contract through June 30, 2016, and raises the total cumulative face value of the contract past $564 million.

Top dividend stocks for the next decade
The smartest investors know that dividend stocks simply crush their non-dividend paying counterparts over the long term. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor's portfolio.


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: 3035291, ~/Articles/ArticleHandler.aspx, 10/30/2014 11:32:57 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