The Department of Defense started the week off with a bang Monday (if you'll pardon the expression). Across a field of 20 contracts awarded, the Pentagon laid out plans to spend nearly $6.6 billion in total contracts. A few of the publicly traded companies winning awards included:
- OM Group (NYSE:OMG), whose subsidiary EaglePicher Technologies subsidiary won a $7.1 million firm-fixed-price contract to supply thermal lithium battery high-speed anti-radiation missile control section replacement thermal batteries to the U.S. Air Force by October 2016.
- Navistar (NYSE:NAV), which was awarded an $8.9 million contract to service Mine Resistant Ambush Protected vehicles in the field.
- CACI (NYSE:CACI) subsidiary CACI Dynamic Systems, awarded a firm-fixed-price contract worth up to $14.2 million for acquisition support services in Afghanistan, Kuwait, and Qatar.
- Motorola Solutions (NYSE:MSI), awarded a firm-fixed-price contract worth up to $16.9 million to perform land mobile radio support services work in Kuwait.
Larger contracts were also handed out. For example, Raytheon (NYSE:RTN) won a not-to-exceed-$23.8 million contract modification to continue phase 2 work on dual band radar systems aboard the nuclear aircraft carrier USS Gerald R. Ford through November 2014. And Northrop Grumman was awarded $83.9 million for unspecified "logistic support services to supply and maintenance operations" in California.
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