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Contractors Land $468.8 Million in Pentagon Work

By Rich Smith - Apr 16, 2013 at 7:19PM

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Henry Schein, United Launch Alliance, and Raytheon benefit.

The Department of Defense issued $468.8 million worth of new contract awards Tuesday. Notable winners included:

  • Medical-products distributor Henry Schein (HSIC 0.52%), which won $23.2 million for a third option year (through April 25, 2014) extension of its fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for the delivery of laboratory supplies and wares to various Army, Navy, Air Force, Marine Corps, and federal civilian agency locations. 
  • United Launch Services (a subsidiary of Boeing (BA 4.64%) and Lockheed Martin (LMT 0.10%) joint venture United Launch Alliance). ULS was awarded a $16.9 million firm-fixed-price modification to a cost-plus, incentive-fee contract to supply the Air Force with EELV (rocket boosters for satellite launches -- known as evolved expendable launch vehicles) capability. Today's contract pays ULS the fiscal 2013 "Atlas Capital depreciation portion" of the total lifetime costs it is due to be paid for these rockets over a 15-year period.
  • Raytheon (RTN), which won an $8.6 million firm-fixed-price delivery order against a previously issued basic ordering agreement. Raytheon will build and deliver three AN/APG-79 Active Electronically Scanned Array Radar Systems for installation aboard Navy F/A-18 E/F fighter jets. This contract should be complete by December 2014.

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Stocks Mentioned

The Boeing Company Stock Quote
The Boeing Company
BA
$127.73 (4.64%) $5.67
Raytheon Company Stock Quote
Raytheon Company
RTN
Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
LMT
$447.99 (0.10%) $0.45
Henry Schein, Inc. Stock Quote
Henry Schein, Inc.
HSIC
$85.62 (0.52%) $0.44

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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