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Pentagon Awards $118 Million in Defense Contracts Wednesday

By Rich Smith – Mar 19, 2014 at 9:38PM

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Textron to continue upgrading USMC's helicopter fleet.

The Department of Defense awarded a total of only five defense contracts Wednesday, worth $117.5 million combined.

The largest of these contracts went to privately held "drone" specialist General Atomics Aeronautical Systems, recipient of a $57.5 million delivery order to supply the U.S. Air Force with 234 Ground Control Station kits; seven containerized dual control segment kits; 25 Squadron Operations Center, or SOC, low density kits; five Creech SOC low density kits; six Creech SOC high density kits; 24 relay kits; 71 relay circuit to packet kits; three Creech wide-area network, or WAN, kits; one Cannon WAN kit; 26 WAN LD kits; two Cannon SOC kits; 17 relay rack kits; 10 network management kits; and related spares and support equipment -- all equipment used to remotely control unmanned aerial vehicles manufactured by the company. Delivery is due Dec. 17, 2015.

As for publicly traded firms, only one won a contract today, Bell Helicopter Textron (TXT 0.56%). Textron's award, a $12.3 million contract modification, calls upon the company to supply hardware and software upgrades for the U.S. Marine Corps' H-1 Upgrade Program, and to perform software and hardware upgrades on Marine Corps "Huey" helicopters by December. 

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