Pentagon Awards $591 Million in Defense Contracts Friday

Before you go, we thought you'd like these...
Before you go close icon

The Department of Defense awarded seven new defense contracts Friday, worth $591.3 million in total. One of the bigger awards handed out went to "Humvee" manufacturer AM General, which won a $48 million contract to produce High Mobility Multi-Purpose Wheel Vehicle parts for the U.S. Army. Meanwhile, among publicly traded firms:

Leidos Holdings  won a $62.5 million indefinite-delivery/indefinite-quantity, cost-plus-incentive-fee contract for Mission Planning and Analysis Common Services, under which it wil perform software engineering, integration, technical support, and training work for the U.S. Air Force through Aug. 9, 2019.

Also, Northrop Grumman received a $33 million cost-plus-fixed-fee completion job order to design and build "operational test program sets" for use in repairing AN/ALQ 240 electronic warfare equipment aboard Navy P-8A Poseidon subhunting aircraft. This contract should run through September 2019.

The article Pentagon Awards $591 Million in Defense Contracts Friday originally appeared on

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 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 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading