Pentagon Awards $508 Million in Defense Contracts

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The Department of Defense awarded 13 defense contracts in its Friday evening announcement of contract awards. The total value of contracts awarded was $508.2 million.

Among the publicly traded companies winning contracts:

  • United Technologies' Sikorsky Aircraft Corp was awarded a $115.7 million delivery order to perform non-recurring engineering and program support related to nine MH-60R Seahawk helicopters to be delivered to the Danish Defense Acquisition and Logistics Organization. This contract should be complete by July 2018.
  • OSI Systems' Rapiscan Systems subsidiary won a $102.5 million foreign military sales contract to sell 80 Rapiscan Eagle M60 mobile dense cargo X-ray scanning systems to Iraq. Delivery is due June 19, 2016.
  • Boeing won an $80 million contract to provide the U.S. Air Force with technical support for Small Diameter Bomb Increment 1 (SDB 1) production and upgrades through June 19, 2019.
  • Bell Helicopter Textron was awarded a $44.7 million contract modification to convert a previously awarded undefinitized contract action (for the repair of various UH-1Y and AH-1Z helicopter parts) into a cost-plus-fixed- fee price contract. These repairs are scheduled to be completed by January 2017.
  • BAE Systems won a $9.4 million contract to supply the U.S. Missile Defense Agency with eight 512×512 two-color high speed Digital Focal Plane Arrays (DFPAs) for missile defense, offering a combination of high resolution, high frame rate, and advanced digital processing functionality. Delivery is due January 2017.

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The article Pentagon Awards $508 Million in Defense Contracts originally appeared on Fool.com.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Textron. 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.

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