Pentagon Awards $69 Million in Drone, Computer, Other Contracts
The Department of Defense announced $209.1 million worth of new contract awards Thursday. Notable winners that are also publicly traded companies include:
- Lockheed Martin's Mission Systems and Training division won a $29.5 million contract to supply computer cabinets, consoles, cables, and switches that will be used in testing Japan's modernized Aegis antimissile defense systems. Lockheed is expected to complete work on this contract by June 2014.
- United Technologies' Pratt and Whitney subsidiary won a $12.1 million contract to supply vane assemblies by Feb. 28, 2014.
- L-3 Communications was awarded a $9.1 million contract to perform sustainment operations and management services required by the Peace Pioneer Core and Depot/System Integrated Laboratory Sustainment Program in South Korea through March 31, 2015.
Additionally, an $18.2 million contract was awarded to privately held drone manufacturer General Atomics, which will do depot activation work for Air Force MQ-1 Predator drones and MQ--9 Reapers at Hill Air Force Base in Utah, Warner-Robins AFB in Georgia, and Tinker AFB in Oklahoma.
The article Pentagon Awards $69 Million in Drone, Computer, Other Contracts originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of L-3 Communications Holdings and Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.