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Pentagon Awards $282 Million in Defense Contracts Monday

By Rich Smith – Feb 24, 2014 at 9:37PM

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General Dynamics, Novartis, and Hitachi all win contracts.

The Department of Defense awarded 14 separate defense contracts Monday, worth a total of $281.8 million. Among the publicly traded companies winning contracts:

  • General Dynamics' (GD -1.29%) Electric Boat division was awarded a $36.1 million contract modification to support a Nuclear Regional Maintenance Department (NRMD) that is responsible for repairing, maintaining, and upgrading nuclear submarines at the Naval Submarine Support Facility, Naval Submarine Base, New London, Conn. through March 2015.
  • Novartis (NVS -0.03%) subsidiary Alcon Laboratories was awarded an option-year exercise (the first of seven possible) worth up to $23.5 million to supply "various pharmaceutical products" to U.S. Army, Navy, Air Force, and Marine Corps customers in Texas through Feb. 26, 2015.
  • Hitachi's (HTHIY -0.70%)  Aloka Medical division was awarded an option-year exercise (the fifth of seven possible) worth up to $14.4 million to supply "radiology systems, subsystems, accessories, service, manual and repair parts" to Army, Navy, Air Force, Marine Corps and federal civilian agencies in Connecticut through Feb. 26, 2015.

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

Novartis Stock Quote
$87.68 (-0.03%) $0.03
General Dynamics Stock Quote
General Dynamics
$250.49 (-1.29%) $-3.28
Hitachi, Ltd. (ADR) Stock Quote
Hitachi, Ltd. (ADR)
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