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Pentagon Awards $594 Million in Defense Contracts Friday

By Rich Smith – Feb 14, 2014 at 10:57PM

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AAR Corp, Jacobs Engineering, BAE Systems, CACI, and Raytheon all win contracts.

After taking Thursday off, the Department of Defense awarded 15 defense contracts Friday, worth a total of $594.1 million. Among the publicly traded defense contractors winning contracts:

  • AAR Corp (AIR -3.42%) won a $133 million indefinite-delivery/indefinite-quantity contract for the repair and production of U.S. Air Force "463L" standardized cargo pallets, used for transporting military cargo by air. Work on this contract is expected to be complete by Feb. 13, 2016.
  • Jacobs Engineering (J -1.09%) won a $45 million cost-plus-fixed-fee contract covering work at the New Bedford Harbor Superfund Site for the U.S. Army Corps of Engineers. This contract will run through at least Aug. 13, 2015.
  • BAE Systems' (BAES.Y -0.49%) Norfolk Ship Repair division was awarded a $57 million undefinitized contract action funding maintenance and upgrades work on the guided missile cruiser USS Monterey (CG 61) while it is in dry-dock through January 2015.
  • CACI (CACI -0.15%) was awarded a $10.8 million option-year exercise funding various on-site operational support efforts to be provided to the Office of the Under Secretary of Defense (Comptroller) through Feb. 15, 2015.
  • Raytheon (RTN) was awarded a $9.5 million contract modification funding the design, manufacture, and installation of test equipment, plus associated testing services, and training necessary to standup a U.S. Navy maintenance depot for work on AN/APY-10 Radar systems. Work on this contract should be completed by March 31, 2016.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon Company. 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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Stocks Mentioned

Raytheon Stock Quote
Raytheon
RTN
CACI International Stock Quote
CACI International
CACI
$310.62 (-0.15%) $0.47
Jacobs Engineering Group Stock Quote
Jacobs Engineering Group
J
$122.27 (-1.09%) $-1.35
BAE Systems plc Stock Quote
BAE Systems plc
BAES.Y
$38.94 (-0.49%) $0.19
AAR Stock Quote
AAR
AIR
$44.96 (-3.42%) $-1.59

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

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