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Pentagon Awards $218 Million in Defense Contracts Thursday

By Rich Smith – Feb 27, 2014 at 6:54PM

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Boeing, BAE, Raytheon, Booz Allen, and SAIC all win work.

The Department of Defense awarded only 12 defense contracts Thursday, worth a total of $218 million. Publicly traded companies winning contracts included:

  • Boeing (BA -3.66%), which was awarded a $49.8 million contract modification instructing it to supply the U.S. Air Force with 3,500 Precision Laser Guidance Set units, or PLGSes, at full-rate production, plus 5,000 kits to convert the PLGS units from the DSU-38/B laser seeker configuration to the DSU-38A/B configuration for the U.S. Air Force. Deliveries should be completed by February 2016.
  • BAE Systems (BAES.Y -0.56%), which was awarded a $21.4 million contract modification to perform additional maintenance, transportation, and supply work for the U.S. Army in the Hawaiian Islands through Feb. 28, 2015.
  • Raytheon (RTN), which was awarded a $6.6 million contract modification to perform unspecified "services" on the improved target acquisition system for Tube-Launched, Optically Tracked, Wireless Guided Missile Systems. This contract runs through Dec. 30.
  • A group of four consulting companies -- including publicly traded Booz Allen Hamilton (BAH -0.51%) and SAIC (NYSE: SAI) and two private firms -- which were jointly awarded option exercises on an underlying contract to perform management, organizational, and business improvement services, financial and business solutions, and human resources services for the U.S. Navy's Naval Air Systems Command Corporate Operations and Comptroller offices through February 2015. The total value of these options, which the four companies will bid against each other to perform, is not to exceed $17.7 million.

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

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Boeing Stock Quote
$171.83 (-3.66%) $-6.53
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Booz Allen Hamilton Stock Quote
Booz Allen Hamilton
$107.46 (-0.51%) $0.55
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BAE Systems plc
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