Pentagon Awards $425 Million in Defense Contracts Monday
The Department of Defense announced nine defense contracts Monday, worth $424.8 million in aggregate. Of these, the largest award went to a handful of non-publicly traded, federally defined "small business" and "woman owned small business" defense contractors, hired to do maintenance, repair, supply work for the U.S. Defense Logistics Agency. A few publicly traded companies did, however, win contracts. Among them:
- Boeing was awarded $37.3 million modification to a delivery order to supply retrofit kits needed for a redesign of trailing edge flaps on Navy F/A-18E/F fighter jets and EA-18G electronic warfare aircraft. Forty-eight Trailing Edge Flap Redesign kits, 48 left-hand units, and 48 right-hand units will be supplied. Delivery should be completed in July 2017.
- General Dynamics won a $28.2 million cost-plus-incentive-fee contract for phase 2 of the Army Tank and Automotive Contracting Command's Engineering Change Proposal Upgrade program. Technical upgrades to be performed on Army vehicles include improved automotive and electrical power generation, chassis upgrades, and improvements in vehicle networking. The estimated completion date for this work is Nov. 26, 2018.
- CACI was awarded an $8.4 million contract modification instructing it to continue supporting the Navy's Enterprise Resource Planning system by providing, among other things, functional expert advice on Navy business processes, plus technical support, and training through Nov. 30, 2014.
Meanwhile, Raytheon won two contracts:
- A $15.9 million contract modification instructing it to provide additional engineering and technical support services for the Navy's Standard Missile program through November 2014.
- And a $7.1 million option exercise on a contract for engineering work on the Navy's anti-aircraft defensive network known as Cooperative Engagement Capability. Work on this contract should be complete by September 2014.
The article Pentagon Awards $425 Million in Defense Contracts Monday 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 don't 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.