On Friday, the Department of Defense announced that it has awarded The Johns Hopkins University Applied Physics Laboratory a five-year, sole source, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity task order contract to conduct research, development, engineering, and test and evaluation work for programs "throughout the Department of Defense."
The contract envisions Hopkins scientists performing up to 11,964,743 staff-hours' worth of research and development work through September 2017. Work would be performed in "core competency" areas such as "strategic systems test and evaluation; submarine security and survivability; space science and engineering; combat systems and guided missiles; theater air defense and power projection; and information technology (C4ISR/IO), simulation, modeling, and operations analysis."
The Pentagon has the option of retaining Hopkins' services for an additional five years, adding up to 23,929,486 staff hours to the contract, and increasing the ceiling value of the contract to $4.9 billion.
Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.