After a busy week, during which the Department of Defense handed out literally dozens of contracts worth a combined $1.9 billion, the generals found their wallets near empty come week-end. By the time Friday rolled around, the Pentagon could only muster up a bare two contracts to award. Here they are:
- Raytheon (NYSE:RTN) won a $12.7 million cost-plus-fixed-fee delivery order against a previously issued basic ordering agreement for the development and integration of its AGM-154C-1 Joint Standoff Weapon (JSOW) into the operational flight program software of the Boeing F/A-18E/F fighter jet. Raytheon is expected to complete work on this contract by February 2015.
The JSOW is a Raytheon-designed 1000-lb. "glide bomb." Dropped from a fighter at high altitude, it can travel as far as 78 miles to strike a target, guided en route by GPS signals.
- Harris Corp (NYSE:HRS) was awarded a modification to a firm-fixed-price contract requiring it to supply two counter communications system (CCS) Block 10 increment 1 system upgrades by July 25, 2014.
CCS is a land-based system designed by Northrop Grumman, the purpose of which is to jam an enemy's satellite communications.
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