Air Force Contracts Worth $97 Million Awarded Monday
The Department of Defense issued 25 new contracts on Monday worth a little more than $903 million combined. Several of these contracts benefited the U.S. Air Force in particular, including awards for:
- $39.3 million: allocated to the privately held ARCTEC Alaska Joint Venture to operate and maintain the Alaska Radar System, consisting of 15 remote radar sites, through Sept. 30, 2014.
- $19.9 million: going to Berkshire Hathaway subsidiary FlightSafety Services Corp to exercise a seventh option year on a contract to support Aircrew Training Systems for the McDonnell Douglas KC-10 aerial refueling tanker. FlightSafety will be both supplying and supporting all KC-10 training devices used in the Air Force's Operation and Training System Support Center through Sept. 30, 2014.
- $12.4 million: for Crane's Electronics subsidiary, in the form of an indefinite-delivery, requirements, firm-fixed-price contract to perform repairs on ALQ-161A radio frequency surveillance/electronic countermeasure units used onboard B-1 bombers. This work should be complete by Sept. 11, 2018.
- and $11.7 million: as a contract modification for Jacobs Engineering , funding "research operations support services" under the Experimental Liquid Rocket program through March 24, 2014.
The article Air Force Contracts Worth $97 Million Awarded Monday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Berkshire Hathaway. 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.