Pentagon Awards $321 Million in Contracts Friday

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

The Department of Defense issued five contracts worth $320.9 million in aggregate Friday. The bulk of the monies awarded went to General Dynamics, to pay for construction work on the third (and possibly final) Zumwalt-class destroyer, the USS Lyndon B. Johnson. But there were a few other contracts worth noting. For instance:

  • General Electric won a $24.5 million contract "modification," extending the length of its contract to provide support for unspecified GE aircraft engine lines by eight-and-a-half months, through March 31, 2014.
  • Samsung Electronics subsidiary NeuroLogica Corp was awarded $12 million to exercise the third of seven one-year "options" on an underlying contract to supply the Defense Logistics Agency with radiology systems, subsystems, and components. This contract will now run through (at least) August 4, 2014).
  • Finally -- and most curiously -- the U.S. Air Force has contracted with the Royal Jordanian Air Academy in Amman, Jordan, to provide English language and technical training to Iraqi Air Force students. Training will run through August 8, 2014, and the Jordanians will be paid $27.4 million for their services.

The article Pentagon Awards $321 Million in Contracts Friday originally appeared on

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Electric 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.

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

Read Full Story

People are Reading