The Department of Defense closed out last week with a massive $7.4 billion in new contract awards Friday. The bulk of these awards came in the form of a single, multi-recipient contract for the provision of networking equipment to the Air Force -- but it wasn't all IT, all the time. Other notable winners Friday included:
- L-3 Communications (NYSE:LLL), which won a firm-fixed-price foreign military sales contract not to exceed $45.2 million in value. L-3 will provide pilots training and logistics support for Iraqi Air Force Cessna C208 transport aircraft and C172 utility aircraft over the next 12 months.
- Britain's BAE Systems (NASDAQOTH:BAESY), which was awarded a $34.3 million firm-fixed-price contract to supply the U.S. Air Force with 336 AN/APX-125 Mode 5 Advanced Identify Friend/Foe units for installation aboard F-16 fighter jets. BAE is expected to complete work on this contract by May 31, 2015.
- General Dynamics' (NYSE:GD) Electric Boat subsidiary, which won a $20 million cost-plus-fixed-fee modification, extending a previously awarded contract to support U.S. Navy nuclear submarines based at the Naval Submarine Support Facility, Naval Submarine Base in New London, Conn., through March 2014.
- I-Solutions Direct. In the "now for something completely different" category, I-Solutions was granted a second option year extension worth $14.8 million as part of a fixed-price with economic-price-adjustment, indefinite delivery/indefinite quantity contract. Reliance's subsidiary will supply "various metal items" to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies. This contract runs through April 22, 2014.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics and L-3 Communications Holdings. 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.