The Department of Defense announced a series of small (in defense contracting terms) contract awards to a handful of publicly traded companies Wednesday.
Raytheon (NYSE:RTN) was awarded an $8.3 million cost-plus-fixed-fee modification to an existing basic ordering agreement. It will perform "program management, design engineering, system engineering, technical analysis, programmatic and technical documentation development, safety-related engineering, and logistic support" on AN/SPS-73(V) surface search radar systems operated by the U.S. Navy and Coast Guard. This contact runs through April 2015.
United Technologies (NYSE:UTX) subsidiary Sikorsky Aerospace Maintenance won an $8.2 million modification to a previously awarded firm-fixed-price contract to perform depot-level maintenance on Naval aircraft operated by "adversary squadrons" through June 2013. Adversary squadrons comprise U.S. pilots flying -- importantly -- either foreign-built planes (such as Russian MiGs), or older U.S. planes no longer in active service, flown in a style similar to those demonstrated by foreign air forces. The unusual "air forces" involved in this training require specialized knowledge in how to maintain their planes.
Rockwell Collins (NYSE:COL) won a $7.3 million modification to a previously awarded firm-fixed-priced contract for purchase of ARC electronic radio controls and ancillary equipment for Air Force F-15C/D aircraft. Delivery is expected by March 2014.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon. 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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