Pentagon Awards Multiple Contracts Worth $162.7 Million
On Tuesday, the Department of Defense announced a number of smallish (in defense industry terms) contracts awarded to several publicly traded companies. Among these:
- In the largest of the four contracts, Raytheon won a $69 million "ceiling priced repair delivery order" issued under a previously awarded contract. Raytheon will be asked to repair and replace assemblies for advanced targeting forward-looking infrared (FLIR) systems on Navy F/A-18 fighter-bombers. This contract runs through Feb. 25, 2015.
- L-3 Communications was awarded a $48.2 million time-and-materials contract to provide aviation maintenance services. The contract runs through July 28.
- General Dynamics won a $22.9 million firm-fixed-price contract to perform demilitarization and disposal services work. Work will be completed by Sept. 25, 2015.
- Navistar won a similar-sized $22.6 million firm-fixed-price Foreign Military Sales contract to upgrade and up-armor medium tactical vehicles for an unidentified foreign nation. Work on the contract should be performed by July 19, 2013.
The article Pentagon Awards Multiple Contracts Worth $162.7 Million originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics, L-3 Communications Holdings, and Raytheon. 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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