The Department of Defense awarded only seven defense contracts Tuesday, yet still managed to hand out $1.23 billion worth of work.

More than half the funds awarded went to a single recipient, privately held government contractor KS International LLC, which has been hired via a foreign military sales contract to perform various operational and security services for the Iraqi government at Balad Air Base, Iraq, through January 2017. Meanwhile, publicly traded companies winning contracts included:

  • Sagent Pharmaceuticals (NASDAQ: SGNT), which was awarded $28.4 million for the second of seven possible option-year extensions on a contract to supply the U.S. Army, Navy, Air Force, and Marine Corps with "various pharmaceutical products" through Feb. 7, 2015.
  • Boeing (NYSE:BA), which was awarded a $21.7 million option exercise to supply instructional system design courseware and training support for the U.S. Navy's P-8A Poseidon aircraft program. This contract will run through December 2016.
  • A series of government contractors including Booz Allen Hamilton (NYSE:BAH) and SAIC (NYSE: SAI), all of which won places on a $10 million firm-fixed-price contract to perform as-needed R&D work for the U.S. Army's Systems Engineering Directorate, Picatinny Arsenal through Feb. 3, 2017.

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.