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Pentagon Awards Defense Contracts for Electronic Warfare, Littoral Combat Ships Work

By Rich Smith – Feb 21, 2014 at 8:18PM

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BAE Systems wins a separate contract for work on Advanced Gun Systems.

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

  • Engility (EGL) won a $40 million indefinite-delivery/indefinite-quantity, partial-foreign military sales contract to perform electronic warfare (EW) weapons systems modifications on U.S. Navy and Australian EA-6B Prowler, EA-18G Growler, E-2C Hawkeye, and P-8A Poseidon aircraft, MH-60R Seahawk helicopters, and Broad Area Maritime Surveillance (BAMS) and other unmanned aerial vehicle drones. Modifications will also be made to flight simulators, training systems, and other advanced electronics. All work under this contract should be completed by February 2019.
  • Lockheed Martin (LMT 2.59%) was awarded a $23.6 million contract modification to perform maintenance work on U.S. Navy littoral combat ships through September 2014.
  • Britain's BAE Systems (BAES.Y 0.07%) (LSE: BA) was awarded a $19.2 million option exercise to supply hardware for, and perform engineering work on, U.S. Navy Advanced Gun Systems. BAE will provide mounts for magazine upper pallet hoists, gun cooling assemblies, and centerline hoists, and will perform engineering work thereon. Work on this contract will be completed by January 2018.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. 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

Lockheed Martin Stock Quote
Lockheed Martin
LMT
$496.23 (2.59%) $12.54
Engility Holdings, Inc. Stock Quote
Engility Holdings, Inc.
EGL
BAE Systems plc Stock Quote
BAE Systems plc
BAES.Y
$40.30 (0.07%) $0.03

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