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Pentagon Awards $590 Million in Defense Contracts Friday

By Rich Smith – Feb 21, 2014 at 8:20PM

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Sysco, Actavis, and Rockwell Collins win contracts.

The Department of Defense awarded 13 defense contracts Friday, worth a total of up to $590.4 million. Among the defense contractors winning contracts:

  • Sysco (SYY -0.73%) won a sole-source, fixed-price with economic-price-adjustment, indefinite-quantity contract worth up to $24.4 million to provide "prime vendor full line food distribution" for U.S. Army, Navy, and Air Force customers in the Alaska area through Feb. 22, 2015.
  • Rockwell Collins (COL) was awarded a $12.2 million sole-source, partial-foreign military sales contract modification adding unspecified "various items" to a Jan. 21, 2014 delivery order to supply joint helmet-mounted cueing systems to the U.S. Navy and to the Israeli military. The underlying contract is now worth $26.9 million to Rockwell Collins, and will be completed by Aug. 31, 2015.
  • Actavis (AGN) was awarded a $7.7 million option year exercise -- the fourth of seven possible -- on an underlying contract to supply U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agency customers with "various pharmaceutical products." This contract will now run through Feb. 24, 2015.

Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Sysco. 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.

Stocks Mentioned

Allergan Stock Quote
Allergan
AGN
Sysco Stock Quote
Sysco
SYY
$84.71 (-0.73%) $0.62
Rockwell Collins Inc. Stock Quote
Rockwell Collins Inc.
COL

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