Pentagon Awards Multiple Contracts Worth $162.7 Million

Before you go, we thought you'd like these...
Before you go close icon

On Tuesday, the Department of Defense announced a number of smallish (in defense industry terms) contracts awarded to several publicly traded companies. Among these:

  • In the largest of the four contracts, Raytheon won a $69 million "ceiling priced repair delivery order" issued under a previously awarded contract. Raytheon will be asked to repair and replace assemblies for advanced targeting forward-looking infrared (FLIR) systems on Navy F/A-18 fighter-bombers. This contract runs through Feb. 25, 2015. 
  • L-3 Communications was awarded a $48.2 million time-and-materials contract to provide aviation maintenance services. The contract runs through July 28.
  • General Dynamics won a $22.9 million firm-fixed-price contract to perform demilitarization and disposal services work. Work will be completed by Sept. 25, 2015.
  • Navistar won a similar-sized $22.6 million firm-fixed-price Foreign Military Sales contract to upgrade and up-armor medium tactical vehicles for an unidentified foreign nation. Work on the contract should be performed by July 19, 2013.

The article Pentagon Awards Multiple Contracts Worth $162.7 Million originally appeared on

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics, L-3 Communications Holdings, and Raytheon. 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading