Pentagon Awards $1.54 Billion in Defense Contracts Tuesday
The Department of Defense awarded six defense contracts Tuesday, worth a total of $1.54 billion. Among the publicly traded companies winning contracts:
- Exelis was awarded a $38.3 million contract modification extending the term of its preexisting Space and Missile Systems Center contract to provide "launch and test range system support functions" for the Eastern and Western Ranges for space launches. This contract now runs through July 31.
- The Data Link Solutions joint venture between BAE Systems and Rockwell Collins won a $25 million firm-fixed-price-incentive, firm-fixed-price, cost-plus-incentive-fee and cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for Multi-Functional Information Distribution System, or MIDS, on Ship Modernization -- MOS MOD. Data Link will build MOS MOD systems, which will support both the MIDS Joint Tactical Radio System and the MIDS low volume terminal four for shipboard applications, for the U.S. Space and Naval Warfare Systems Command. Initial delivery is due February 2017, but this contract may be extended as far out as February 2022.
- L-3 Communications was awarded a $17.9 million delivery order to supply SATCOM Terminals, Test and Monitor Sub-Systems, and Satellite Earth Terminal Sub-Systems Site Monitor and Radomes to the U.S. Air Force, and also to the militaries of the United Kingdom and France. All deliveries should be complete by Feb. 11, 2016.
- United Technologies' Sikorsky Aircraft subsidiary was awarded a $10.9 million contract modification to provide "security and integrated logistic support" for VH-3D and VH-60N presidential helicopters through November.
- Lockheed Martin was awarded an $8 million contract modification to provide data, reliability, field service, logistics, and ground maintenance support, and to run aircrew teachback training courses, for the U.S. Air Force through Jan. 31, 2016.
The article Pentagon Awards $1.54 Billion in Defense Contracts Tuesday originally appeared on Fool.com.Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of L-3 Communications Holdings and Lockheed Martin. 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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