Pentagon Awards 10 Contracts Thursday
The U.S. Department of Defense announced the award of 10 separate contracts Thursday, worth a bit over $340 million in aggregate value. Boeing and Raytheon claimed about one third of the money on offer, apiece. As for other companies participating in Pentagon funding, these included the following:
- Tetra Tech and the GMI-AECOM joint venture -- and also privately held CH2M Hill: All three firms will participate in a firm-fixed-price, indefinite-delivery/indefinite-quantity multiple award contract that permits them to bid on $75 million worth of natural resource and environmental planning services tasks for the U.S. Navy. Task orders will be issued and may invite bids as needed over the next five years, winding down in July 2018.
- General Electric won a $15.7 million award, and this one it need share with no one. GE is tasked with supplying "time critical parts" needed for its T-408-GE-400 gas turbine engines -- used to power Navy CH-53K Sikorsky Super Stallion helicopters. GE will work on this contract through December 2016.
- Rockwell Collins won a $13.6 million award when the Air Force exercised option No. 3 on a firm-fixed-price contract to produce 19 low-rate, initial-production modification kits for Air Force KC-135 tanker aircraft undergoing Communications, Navigation, Surveillance/Air Traffic Management upgrades through May 30, 2014.
- Finally, Northrop Grumman was awarded a $12.9 million cost-plus-fixed-fee contract to provide exercise and training support to command staff, battle staff, and Theater Special Operations Commands at MacDill Air Force Base, Fla., and other locations. This contract is expected to run through June 2014.
The article Pentagon Awards 10 Contracts Thursday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Electric and Northrop Grumman. 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.