Pentagon Awards $145 Million in Defense Contracts Monday

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The Department of Defense awarded five defense contracts Monday, worth $145.5 million in total. Three publicly traded companies benefited from these contracts, namely:

  • Privately held Pond & Co., along with Aegion subsidiary Corrpro, won a $10 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract to supply the U.S. Army Corps of Engineers with cathodic protection and corrosion controls through Jan. 12, 2017.
  • Northrop Grumman was awarded a $36.3 million contract modification to supply logistics services and engineering support for U.S. Army RQ-5 "Hunter" Unmanned Aircraft Systems through Jan. 14, 2015.
  • ABM Industries won a $45 million firm-fixed-price contract to operate, maintain, repair, and perform some minor construction work on medical research laboratory facilities for the U.S. Army Corps of Engineers through Jan 13, 2018.

The article Pentagon Awards $145 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 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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