Pentagon Funds "Glide Bombs" and Satellite Jammers
After a busy week, during which the Department of Defense handed out literally dozens of contracts worth a combined $1.9 billion, the generals found their wallets near empty come week-end. By the time Friday rolled around, the Pentagon could only muster up a bare two contracts to award. Here they are:
- Raytheon won a $12.7 million cost-plus-fixed-fee delivery order against a previously issued basic ordering agreement for the development and integration of its AGM-154C-1 Joint Standoff Weapon (JSOW) into the operational flight program software of the Boeing F/A-18E/F fighter jet. Raytheon is expected to complete work on this contract by February 2015.
The JSOW is a Raytheon-designed 1000-lb. "glide bomb." Dropped from a fighter at high altitude, it can travel as far as 78 miles to strike a target, guided en route by GPS signals.
- Harris Corp was awarded a modification to a firm-fixed-price contract requiring it to supply two counter communications system (CCS) Block 10 increment 1 system upgrades by July 25, 2014.
CCS is a land-based system designed by Northrop Grumman, the purpose of which is to jam an enemy's satellite communications.
The article Pentagon Funds "Glide Bombs" and Satellite Jammers originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman and Raytheon Company. 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.
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