Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Pentagon Awards $453 Million in Defense Contracts Thursday

By Rich Smith - Mar 13, 2014 at 9:21PM

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

Exelis, Leidos, and Honeywell win contracts.

The Department of Defense awarded 13 separate defense contracts Thursday, worth $453.2 million in total. Among the publicly traded companies winning contracts:

  • Exelis (NYSE: XLS) was awarded a $91.7 million option exercise for the manufacture and delivery of 42 AN/ALQ-214(V)4 on-board jammer (OBJ) systems, to be installed aboard U.S. Navy F/A-18C -D, -E, and -F fighter-bombers. Part of an F/A-18's electronic countermeasures suite, this OBJ jams radio waves to protect the plane from guided surface-to-air and air-to-air missiles. Delivery of the systems is due in November 2016.
  • A joint venture between Australia's Cardno Limited and Leidos Holdings ( LDOS -1.09% ) won a firm-fixed-price, indefinite-delivery/indefinite-quantity architect-engineering contract worth up to $50 million. The JV will be asked to perform works aimed at preserving U.S. Navy, Marine Corps, "and other government facilities" training ranges and other assets, pursuant to National Environmental Policy Act and Executive Order 12114 on Environmental Effects Abroad of Major Federal Actions. Most of the work under this contract will be done at training ranges within the Atlantic Fleet area of responsibility (AOR), but ranges and installations around the world may also be involved. Lasting up to 60 months' duration, this contract is expected to wrap up by March 2019.
  • Honeywell ( HON -0.24% ) was awarded $13.1 million time-and-material task order instructing it to support the U.S. Marine Corps's Afghanistan Retrograde and Redeployment Operations / Maintenance / Preservation Packaging and Packing Support efforts in Afghanistan. Work on this contract should continue through March 2015.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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

Honeywell International Inc. Stock Quote
Honeywell International Inc.
HON
$203.50 (-0.24%) $0.50
Leidos Holdings, Inc. Stock Quote
Leidos Holdings, Inc.
LDOS
$88.60 (-1.09%) $0.98

*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 service.

Stock Advisor Returns
624%
 
S&P 500 Returns
141%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/04/2021.

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

Our Most Popular Articles

Premium Investing Services

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