The Department of Defense issued $1.3 billion worth of new contract awards Friday. While privately held companies won the bulk of the funding, one publicly traded firm in particular made out pretty well. With $112.1 million in total awards spread across three contracts, Boeing (NYSE:BA) won nearly 7% of the funds granted Friday. Its contracts included:
- A $9.6 million cost-plus-fixed-fee contract to subsidiary Argon ST, to support the Joint Unified Multi-Capable Protection System research and development program, which aims to improve the performance and analysis of signals intelligence for the Army.
- A $36.6 million modification to a previously awarded firm-fixed-price contract to supply composite main rotor blades for Army Apache Block III helicopters.
- A $65.9 million firm-fixed-price contract to supply 2,701 Lot 17 Joint Direct Attack Munition tailkits -- accessories that turn "dumb bombs" into "smart bombs." Work on this largest of Boeing's three contract wins should be complete by March 31, 2015.
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