The Department of Defense awarded seven new defense contracts Monday, worth $194.1 million in total. The bulk of these contracts went to privately held defense contractors, but publicly traded firms won at least two awards. Specifically:
- Clean Harbors (NYSE:CLH) subsidiary Safety-Kleen won a maximum $12.9 million fixed-price with economic-price-adjustment contract to supply U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies in Texas with re-refined motor oil program parts by Jan. 15, 2015 performance completion date.
- General Dynamics' (NYSE:GD) Electric Boat Corp subsidiary awarded a $29.8 million option exercise to perform engineering and technical design services in support of R&D work on advanced submarine technologies (e.g. hull integrity, acoustics, hydrodynamics, and other matters) for the U.S. Navy. Electric Boat will continue these efforts through at least October 2014.