Please ensure Javascript is enabled for purposes of website accessibility

Pentagon Awards $347 Million in Defense Contracts Thursday

By Rich Smith – Jan 30, 2014 at 9:30PM

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

Jacobs Engineering, Northrop Grumman, General Dynamics, and Lockheed Martin all win work.

The Department of Defense awarded 12 defense contracts Thursday, worth $346.9 million in total. Among the publicly traded companies winning contracts:

  • "Jacobs & HDR, a Joint Venture" between Jacobs Engineering (J 0.39%) and privately held HDR, won an indefinite-delivery/indefinite-quantity architect-engineering contract worth up to $60 million, paying the firms to perform unspecified "analysis" work on Navy and other Department of Defense (DoD) facilities infrastructure at various locations throughout the Naval Facilities Engineering Command's (NAVFAC) area of responsibility (AOR) worldwide. Work under this contract is expected to continue through January 2019.
  • Northrop Grumman (NOC -0.13%) was awarded a $26.1 million contract modification funding work on Reliability and Maintainability Information Systems (REMIS) Sustainment and Development Services for the U.S. Air Force. This contract modification extends the period of the original contract through Jan. 31, 2017.
  • General Dynamics (GD -0.14%) won a new $26 million firm-fixed-price contract to develop, design, and supply to the U.S. Marine Corps 468 Seat Survivability Upgrade (SSU) Kits for installation in USMC Mine-Resistant, Ambush-Protected (MRAP) vehicles. Each SSU Kit includes energy absorbing seats, five-point seat belts, blast mats, and reconfigures the internal crew Automatic Fire Extinguisher System, and upgrades the driver/co-driver compartment. Delivery is expected by July 2015.
  • Lockheed Martin (LMT -0.21%) was awarded an $8.5 million contract modification funding modernization work on AN/FPS-117 Long-Range Radars via the U.S. Air Force's Essential Parts Replacement Program. Thirteen Field Maintenance Equipment Kits will be supplied to USAF under this contract, with delivery due July 30, 2015.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics, Lockheed Martin, and Northrop Grumman. 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.

Premium Investing Services

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