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Pentagon Awards $362 Million in Defense Contracts Thursday

By Rich Smith - Mar 21, 2014 at 9:33AM

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Raytheon, Boeing, General Dynamics, ATK, and Lockheed Martin all win contracts.

The Department of Defense awarded a total of 14 defense contracts Thursday, worth $361.8 million combined. Among the publicly traded defense contractors winning contracts:

  • Raytheon ( RTN ) was awarded $23.6 million cost-plus-fixed-fee delivery order to supply the U.S. Navy with 63 ECP-6279 radar retrofit kits for installation aboard F/A-18 E/F fighter-bombers and EA-18G electronic warfare aircraft through August 2016.
  • Boeing ( BA -1.92% ) was awarded a $9.6 million firm-fixed-price delivery order to supply major structural repair and maintenance equipment for F/A-18E/Fs and EA-18Gs by September 2016.
  • General Dynamics ( GD 1.62% ) was awarded a $20.6 million contract modification to supply the U.S. Army with an unspecified amount of M1002 120mm tank training rounds ammunition by May 31, 2016.
  • Alliant Techsystems (NYSE: ATK) received a similar $19.2 million contract modification to supply M1002 training rounds to the Army.
  • Lockheed Martin ( LMT 0.99% ) was awarded an $8.5 million contract modification funding additional long lead-time efforts required to incorporate a drag chute into the design of F-35A Joint Strike Fighter Conventional Take-Off and Landing (CTOL) fighter jets to be sold to the government of Norway. Lockheed is expected to complete work on this contract by November 2015.

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Stocks Mentioned

The Boeing Company Stock Quote
The Boeing Company
BA
$198.49 (-1.92%) $-3.89
Raytheon Company Stock Quote
Raytheon Company
RTN
Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
LMT
$333.81 (0.99%) $3.28
General Dynamics Corporation Stock Quote
General Dynamics Corporation
GD
$197.63 (1.62%) $3.15

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

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