Pentagon Awards $294.9 Million in Defense Contracts

Lockheed Martin and Boeing were the only publicly traded companies winning contracts announced on Thursday.

Rich Smith
Rich Smith
Apr 21, 2014 at 9:34AM

The Department of Defense awarded $294.9 million in funding via 14 separate defense contracts Thursday. Of these, Lockheed Martin (NYSE:LMT) won two:

  • A $14.7 million contract modification to supply the U.S. Air Force with initial spare parts for 42 C-130J Super Hercules transport aircraft and 22 HC/MC-130J Combat King II combat search-and-rescue and Commando II special mission aircraft purchased under a five-year option contract. Delivery dates on these parts will vary, the Department of Defense said in its press release, "depending upon the lead time to procure."
  • A $7.3 million firm-fixed-priced delivery order to repair 12 common cockpit items in U.S. Navy H-60R/S Seahawk helicopters. These repairs are to be completed by Jan. 12, 2016.

Separately, Boeing (NYSE:BA) was awarded a single contract worth $43.3 million, which modifies an existing contract to provide training and support to U.S. Army units receiving CH-47F Chinook helicopters through Feb. 29, 2016.

Boeing's CH-47F Chinook. Photo: Wikimedia Commons.