The Department of Defense announced a series of small (in defense contracting terms) contract awards to a handful of publicly traded companies Tuesday. Among them:
- Hess Corp. (NYSE:HES) was awarded a $57.6 million fixed-price with economic-price-adjustment contract to supply pipeline-quality natural gas to Army, Navy, and federal civilian agencies locations in New Jersey through March 31, 2015.
- CACI International (NYSE:CACI) won a $17.9 million cost-plus-fixed-fee contract to support Joint Expeditionary Team Counter-IED (C-IED) operations in Afghanistan through December 2013.
- L-3 Communications (NYSE:LLL) landed a $6.7 million foreign military sales contract under a previously awarded basic ordering agreement. L-3 is tasked with repairing Total Radiation Aperture Controlled Antenna (TRAC)-A Rotodome Antennas and performing IFF Mode 5/S upgrades for the French Navy. (France is footing the bill). Work on this contract is to be completed by March 31, 2015.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of L-3 Communications Holdings. 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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