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Pentagon Awards $6.64 Billion in Defense Contracts Thursday

By Rich Smith - Mar 27, 2014 at 8:39PM

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Private, federally-defined small businesses win the majority of the awards.

The Department of Defense awarded 19 separate defense contracts Thursday, worth $6.64 billion in total. The biggest award by far was a $5.79 billion multiple-award, indefinite-delivery/indefinite-quantity (ID/IQ) contract for Network-Centric Solutions-2 (NETCENTS-2) network operations and infrastructure solutions, parceled out to a dozen federally defined small businesses, all privately held defense contractors. But publicly traded companies landed a few contract wins, as well. Among them:

  • Exelis (NYSE: XLS) was awarded a $17.8 million contract modification to continue post-production maintenance support of Joint Service Explosive Ordnance Disposal Counter Radio Controlled Improvised Explosive Device Electronic Warfare (JSEOD CREW) devices aimed at jamming the signals used to detonate roadside IEDs. This contract will now continue in force through March 2015.
  • Cardinal Health ( CAH 0.45% ) was awarded an option exercise (the second of four possible) worth up to $16.8 million, to continue supplying U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with "various laboratory supplies" through April 12, 2015.
  • United Technologies' ( RTX -0.67% ) Sikorsky Aircraft Corp division received a $14.9 million cost-plus-fixed-fee delivery order to redesign the cabin on the VH-3D In-Service Presidential Helicopter (aka "Marine One"), aiming to reduce the vehicle's total gross weight so as to improve lift capability. This work should be completed in July 2016.
  • FLIR Systems ( FLIR ) subsidiary ICx Technologies was awarded a $12.3 million contract modification to supply the U.S. Army with 12 "dismounted reconnaissance sets, kits, and outfits army configuration systems" by March 25, 2015. 

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Stocks Mentioned

Raytheon Technologies Corporation Stock Quote
Raytheon Technologies Corporation
RTX
$81.11 (-0.67%) $0.55
Cardinal Health, Inc. Stock Quote
Cardinal Health, Inc.
CAH
$47.02 (0.45%) $0.21
FLIR Systems, Inc. Stock Quote
FLIR Systems, Inc.
FLIR

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