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Pentagon Announces $194 Million in Defense Contracts Thursday

By Rich Smith – Jan 16, 2014 at 8:42PM

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The few winners for the day include Clean Harbors and General Dynamics.

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 (CLH 0.22%) 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' (GD -1.12%) 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. 

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Clean Harbors and General Dynamics. We Fools may not 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.

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