Pentagon Awards $796 Million in New Contracts
The U.S. Department of Defense announced 20 new contract awards on Thursday worth a total of $796 million in combined value. The bulk of the contracts this time went to privately owned companies, but there were a few publicly traded contract recipients, including:
- Alliant Techsystems , one of the bigger winners Thursday, won a firm-fixed-price, no option, non-multiyear contract with a maximum value of $84.8 million. ATK will be supplying the U.S. Army Contracting Command -- Rock Island Arsenal with Proximity Sensors and Sensor Dummies.
- General Dynamics' Electric Boat Corp subsidiary was awarded a $12 million cost-plus-fixed-fee contract modification to continue supplying onboard repair parts for use aboard Virginia-class nuclear attack submarines. This contract should continue in force through February 2017.
- Honeywell International won a $6.6 million firm-fixed-price contract to supply the Defense Logistics Agency, Aviation division, with system analyzer test sets. Performance is due by Aug. 8, 2016.
- While multiple contract recipients -- including KEYW Corp , Raytheon , SAIC, and BAE, will share an indefinite- delivery/indefinite-quantity contract worth up to $24.4 million. These four companies have "won" the right to bid against each other for task orders to perform R&D work for the U.S. Air Force Research Laboratory's Compact Automatic Target Recognition (ATR) and Sustainable Environment (CASE) programs. This contract will run through Aug. 15, 2020.
The article Pentagon Awards $796 Million in New Contracts originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics and Raytheon. 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.