General Dynamics Wins $29 Million in New Pentagon Contracts
On Wednesday, the Department of Defense awarded two contracts worth a combined $28.9 million to divisions of defense contractor General Dynamics .
The first and smaller contract, awarded to GD's Information Technology division, is an $8.4 million cost-plus-incentive-fee contract for the provision of "information technology and audio visual services" for the Mark Center in Alexandria, Va. Work on this contract is to be completed by Aug. 26, 2013.
The larger contract, awarded to the company's Ordnance and Tactical Systems division, is worth $20.5 million and modifies an existing contract for the procurement of 120mm tank training ammunition. A similar, smaller award was issued to GD rival Alliant Techsystems Wednesday as well. GD will supply the requested rounds sometime between now and March 15, 2015.
The article General Dynamics Wins $29 Million in New Pentagon Contracts originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics. 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.