BP, Jacobs Engineering, Boeing-Textron JV Among Defense Contracts Winners
The Department of Defense awarded only nine defense contracts in its Tuesday evening announcement of contract awards. The total value of contracts awarded was $426.4 million.
Among the publicly traded companies winning awards, two British oil and gas firms won contracts to supply the Defense Logistics Agency with fuel "blendstock" used for oxygenate blending with gasoline. BP won a contract to supply DLA with up to $25.7 million worth of reformulated blendstock through Sept. 1. Royal Dutch Shell won a contract to supply DLA with up to $12.5 million worth of conventional blendstock, also through Sept. 1.
Separately, Jacobs Engineering was awarded an $18.2 million cost-plus-fixed-fee and cost-reimbursable contract modification to provide engineering and technology acquisition support services to the U.S. Air Force through April 30, 2015.
Meanwhile, the Bell-Boeing Joint Project Office, a joint venture between Textron and Boeing , was awarded a $14.6 million delivery order to perform research and engineering work on, and technical analysis of, new capabilities for their jointly produced V-22 Osprey tiltrotor aircraft. Work under this contract will continue through June 2019.
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The article BP, Jacobs Engineering, Boeing-Textron JV Among Defense Contracts Winners 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 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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