Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Pentagon Awards $444 Million in Contracts

By Rich Smith - Oct 29, 2013 at 12:04PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Northrop, Lockheed, Tyco, Raytheon, and Leidos Holdings number among the winners.

The Department of Defense on Monday awarded 15 new contracts worth $443.8 million in total value. Among the publicly traded defense contractors winning contracts:

  • Leidos Holdings ( LDOS 0.73% ) won a contract worth up to $36.7 million to provide maintenance and logistics services to U.S. Army intelligence, reconnaissance, and surveillance programs.
  • Northrop Grumman ( NOC 0.39% ) won a $14.6 million contract for unspecified work on the Defense Advanced Research Projects Agency's "Endurance" program through Dec. 27, 2016. Endurance is a classified defense project, the goal of which is to develop a "pod-mounted" laser system that can be mounted aboard aircraft to protect them from heat-seeking guided surface-to-air missiles.
  • Lockheed Martin's ( LMT 0.56% ) mission systems and training division won an $11.4 million contract for work on the same program, through Dec. 24, 2016.
  • Tyco's ( TYC ) fire products division won a contract worth up to $13.7 million to supply the U.S. Army, Navy, Air Force, and Marine Corps with aqueous film-forming foam. This two-year base contract may be extended by three additional one-year option periods which, if exercised, would increase its duration past the planned Oct. 27, 2015, performance completion date.
  • Raytheon's ( RTN ) intelligence and information systems division won a $12 million contract through March 31, 2016, to support the U.S. Air Force's Military Satellite Communications System (MILSATCOM) Global Broadcast System (GBS), ensuring uninterrupted access to the GBS to garrisoned and deployed war fighters.
 Editor's note: A previous version of this article contained an incorrect description of the "Endurance" program.

link

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
LMT
$341.08 (0.56%) $1.91
Tyco International plc Stock Quote
Tyco International plc
TYC
Raytheon Company Stock Quote
Raytheon Company
RTN
Northrop Grumman Corporation Stock Quote
Northrop Grumman Corporation
NOC
$364.09 (0.39%) $1.42
Leidos Holdings, Inc. Stock Quote
Leidos Holdings, Inc.
LDOS
$90.48 (0.73%) $0.66

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

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
652%
 
S&P 500 Returns
142%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/08/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.