Please ensure Javascript is enabled for purposes of website accessibility

Pentagon Awards $2.375 Billion in Defense Contracts Tuesday

By Rich Smith - Feb 25, 2014 at 6:54PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Steris Corp, GenCorp, Willbros Group, and Lockheed Martin all win contracts.

The Department of Defense awarded 11 separate defense contracts Tuesday, worth a total of $2.375 billion. Among the publicly traded companies winning contracts:

  • Steris (STE -1.38%) won a fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract worth up to $27.4 million to supply items from its "commercial electronic catalog" to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies through Feb. 18, 2019.
  • GenCorp (AJRD -0.16%) subsidiary Aerojet Rocketdyne won a $12.6 million sole-source, firm-fixed-price foreign military sales contract to supply 114 Hawk rocket motors to the Jordanian military forces, and a further 186 motors to Egypt. Delivery is due Oct. 1, 2015.
  • Lockheed Martin (LMT 0.15%) was awarded a $12.2 million contract modification to provide unique spare parts for use aboard U.S. Air Force HC-130J Combat King II search-and-rescue aircraft and MC-130J Commando II special operations aircraft. Delivery of these parts is due Feb. 16, 2016.
  • Willbros Group (NYSE: WG) won a firm-fixed-price contract worth up to $9.4 million to perform "contractor-owned/contractor-operated" fuel management services for the U.S. Army and federal civilian agencies in Oklahoma and Louisiana. This five-year contract will run through at least March 31, 2019, but at the Pentagon's option may be extended as many as three times, in additional five-year increments.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
LMT
$440.03 (0.15%) $0.68
Steris Plc Stock Quote
Steris Plc
STE
$209.89 (-1.38%) $-2.93
Aerojet Rocketdyne Holdings, Inc. Stock Quote
Aerojet Rocketdyne Holdings, Inc.
AJRD
$44.10 (-0.16%) $0.07

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

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
397%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/19/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.