The Department of Defense awarded 30 separate defense contracts Friday, worth a total of $1.99 billion. British defense contractors won three of the awards.
BAE Systems (OTC:BAES.Y) (LSE: BA) was awarded a $7.9 million contract modification to supply the U.S. Army with AN/AAR-57(V) Common Missile Warning Systems (CMWS) and associated spare parts and systems engineering, technical, and logistics support services both for CMWS and also for OT-255/ALQ-212(V) Advanced Threat Infrared Countermeasures. The estimated completion date for this contract is Feb. 28, 2015.
Rolls-Royce Corp (NASDAQ OTHER:RYCEY) (LSE:RR), meanwhile, won two contracts:
- A $54.3 million partial-foreign military sales, firm-fixed-price, indefinite-delivery/indefinite-quantity (IDIQ) contract to repair engines, propellers, and other propulsion system components for 50 KC-130 airborne refueling tanker aircraft --47 of which belong to the U.S. Marine Corps and three of which belong to the government of Kuwait. These repairs will be ongoing through February 2015.
- An $8 million contract to perform low power repairs on 11 the U.S. Air Force CV-22 Osprey tiltrotor aircraft under a "Mission Care" contract that will now remain in force through February 2015.