General Dynamics Wins 3 Pentagon Contracts

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On Friday, the Department of Defense announced a trio of contract awards going out to three separate divisions of defense-contracting giant General Dynamics :

  • General Dynamics Information Technology won a $27.3 million cost-plus-fixed-fee contract to support traumatic-brain-injury programs at the Defense and Veteran Brain Injury Clinic. Work on the contract is estimated to be complete by Sept. 16, 2017. 
  • General Dynamics Armament and Technical Products won a $14.3 million firm-fixed-price contract modifying an existing contract to supply M2A1 .50 caliber machine-gun quick-change barrel kits. Completion date: Aug. 29, 2014.
  • General Dynamics' Bath Iron Works subsidiary won a $6.9 million cost-plus award fee modification to an existing contract to perform post-shakedown work on the littoral combat ship USS Independence. Bath will be responsible for program management and will provide advance planning, engineering, design, material kitting, and liaison and scheduling services. Work is expected to be complete by April.

The article General Dynamics Wins 3 Pentagon Contracts originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics. Try any of our Foolish newsletter services free for 30 days. 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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