Air Force Big Loser in Pentagon Contract Awards Friday
The Department of Defense issued 29 new contracts Friday, worth a combined $1.12 billion, but the U.S. Air Force got pretty short shrift this time -- benefiting from only $161.3 million of the contracts let. Government contractors winning business from the USAF included:
- , which was awarded a $65.1 million option exercise hiring it to provide one additional year (i.e. through Sept. 29, 2014) of operations, maintenance and logistics support for the U.S. Air Force Satellite Control Network, and, in particular, to maintain and support Global Positioning System (GPS) antenna sites worldwide. Harris's contract will have it working around the globe on the widely spread network, from Vandenberg Air Force Base in California, to Cape Canaveral Air Force Station in Florida to... the Kwajalein Global Positioning System site on Kwajalein Atoll.
- Britain's BAE Systems won a $48.6 million and a seventh option year on a pre-existing contract to manage, operate, maintain and provide logistical support for solid state phased array radar systems for the Air Force through Sept. 30, 2014.
- Textron got a $9.1 million foreign military sales contract modification to continue work on developing remote terminal interface control documentation for a munitions control unit on India's Jaguar ground attack airplanes through May 15, 2014.
- Boeing won an $8.5 million contract modification to do engineering work necessary to bring one "Air Force One" Boeing VC-25 into compliance with Federal Aviation Agency Airworthiness Directive 2008-23-09. Boeing is expected to complete this work just one week before the next U.S. President is elected -- Oct. 31, 2016.
The article Air Force Big Loser in Pentagon Contract Awards Friday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Textron. 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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