Pentagon Awards $10.9 Billion in Defense Contracts Friday
As the clock ticks down toward the end of the Pentagon's fiscal year, Department of Defense acquisitions specialists have thrown caution to the wind -- and awarded a simply mindboggling 113 separate defense contracts on Friday. Worth a combined $10.92 billion, this single day's spending came close to equaling two weeks' worth of contract awards at any other time of the year.
Who got the loot? Who didn't? Defense contracts went out to everyone from traditional defense contractors, to run-of-the mill government contractors, to heavy industrialists, and even software firms. Here are just a few of them:
- Oracle won a $35.6 million indefinite-delivery/indefinite-quantity, firm-fixed-price, commercial contract to provide post-deployment systems support, technical refresh, and upgrades for the Global Combat Support System - Marine Corps through Sept. 2014. This contract includes options which, if exercised, would raise the maximum value of this contract to $49.4 million.
- Rockwell Collins won an indefinite-delivery/indefinite-quantity, cost reimbursement contract worth up to $22.4 million for work on a Degraded Visual Environments (DVE) system to integrate information from aircraft sensors to increase situational awareness for helicopter aircrews. This contract could run for as long as 60 months, expiring on Aug. 31, 2017.
- Accenture won a $14.5 million firm-fixed-price, option-eligible, non-multi-year contract to provide onsite support for the General Fund Enterprise Business System, a web-enabled financial, asset and accounting management system used by the Army.
- Parker Hannifin won a $14.4 million firm-fixed-price contract to perform work on F-16 fighter jets' electrohydraulic servo valves through Sept. 4, 2019.
- Harris Corp was awarded a $6.7 million contract modification to perform additional work on the Space and Missile Systems Center's Offensive Counterspace and Defensive Counterspace ground-based systems, as well as on its Space Test and Training Range through Sept. 26, 2014.
The article Pentagon Awards $10.9 Billion in Defense Contracts Friday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Accenture. The Motley Fool owns shares of Oracle. 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.