Pentagon Awards $334 Million in Defense Contracts Wednesday
The Department of Defense announced 20 defense contracts Wednesday, worth $334.2 million in aggregate. Among the winners:
- Boeing was awarded a $15.5 million modification to a foreign military sales contract for disorientation recovery equipment to be installed in Royal Saudi Air Force F-15SA fighter aircraft. This contract now runs through Feb. 2, 2015.
- Northrop Grumman won a $13.8 million cost-plus-fixed-fee contract to perform logistics services in support of the MQ-8B/C Fire Scout robotic helicopter through November 2014. Northrop recently announced the delivery of its second MQ-8C Fire Scout to the U.S. Navy for flight testing.
- Rockwell Collins won a $10.8 million fixed-firm-price contract for engineering work on E-6B Mercury airborne command-and-control aircraft. Rockwell will perform work on the planes' Mission Avionics Systems, Long Trailing Wire Assemblies, Short Trailing Wire Assemblies, High Power Transmit Sets, and Internet Protocol Bandwidth Expansion Phase 4 systems. Work on this contract should be complete by November 2014.
- Honeywell won a $10 million cost-plus-fixed-fee contract to conduct ongoing repairs of Pendulous Integrating Gyroscopic Accelerometers -- PIGA, an intercontinental ballistic missile component -- for the U.S. Air Force through Nov. 30, 2015.
- General Dynamics was awarded a $7 million contract modification compensating the company for the impact of a government stop-work order on its Ground Combat Vehicle Technology Development Phase contract.
Additionally, AAR's Airlift Group was reported to have received an indefinite delivery/indefinite quantity, fixed-price with economic price adjustment contract to provide dedicated fixed wing aircraft transport services in the Central Africa Region including Uganda, the Central African Republic, the Democratic Republic of Congo, and South Sudan from Dec. 28, 2013, to Oct. 27, 2015. The Pentagon did not disclose the value of this contract. However, the Pentagon generally only publishes contracts valued at $6.5 million or more -- suggesting AAR's contract should be worth at least that much.
The article Pentagon Awards $334 Million in Defense Contracts Wednesday 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 Northrop Grumman. 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.
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