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Pentagon Awards $305 Million in Defense Contracts Monday

By Rich Smith - Mar 24, 2014 at 6:46PM

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Lockheed Martin, Rockwell Collins, FLIR Systems, CACI, and GE all win contracts.

The Department of Defense awarded 13 separate defense contracts Monday, worth $305.1 million in total. Among the publicly traded companies winning contracts:

  • General Electric ( GE -2.58% ) was awarded a two-year option, to be appended to a contract originally awarded also for two years (and which may be extended by one final year), to maintain a digital imaging network-picture archive communication system for the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies. The value of this first extension of the contract is not to exceed $73 million, and it will expire on March 26, 2016.
  • CACI ( CACI -0.71% ) won a $27.1 million cost-plus-fixed-fee contract to perform unspecified "logistics and engineering services" for the U.S. Army at unspecified "contingency locations" through December.
  • FLIR Systems ( FLIR ) won a sole-source, firm-fixed-price contract to supply the U.S. Navy with up to $18.2 million worth of unspecified weapon system turrets through May 30.
  • Rockwell Collins ( COL ) was awarded an $8.3 million option exercise for the procurement of AN/ARC-210(V) electronic radios and ancillary equipment to be used aboard a variety of U.S. Navy aircraft. The specific equipment being ordered includes 57 control radio sets, 57 high-power amplifiers, 57 low-noise amplifier diplexers, and 62 receiver transmitters, and delivery is due May 2015.
  • Lockheed Martin ( LMT 0.99% ) won a sole-source, firm-fixed-price contract to supply the U.S. Navy with up to $8 million worth of radar data processors by Feb. 28, 2017.

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Stocks Mentioned

General Electric Company Stock Quote
General Electric Company
$92.77 (-2.58%) $-2.46
Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
$333.81 (0.99%) $3.28
Rockwell Collins, Inc. Stock Quote
Rockwell Collins, Inc.
FLIR Systems, Inc. Stock Quote
FLIR Systems, Inc.
CACI International Inc Stock Quote
CACI International Inc
$263.76 (-0.71%) $-1.90

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

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