$98 Million in Pentagon Contracts Announced Night Before Sequester
Just hours before the government's "sequester" plan went into effect, the Department of Defense announced a series of small (in defense contracting terms) contract awards to multiple publicly traded companies Thursday. Among them:
- General Dynamics' Gulfstream Aerospace subsidiary won a $49.6 million contract to provide logistics support for C-37 aircraft, the military version of the civilian Gulfstream V business jet. This contract runs through the end of this year.
- General Electric's Finnish medical equipment subsidiary, Datex-Ohmeda Oy, was given a fourth option year on a contract to supply "patient monitoring systems, subsystems, accessories, consumables, spare/repair parts and training" in an award worth $19.8 million. This contract should be complete by March 5, 2014.
- Boeing won an $11.4 million modification to a previously awarded contract, requesting the company to supply 1,001 precision laser guidance sets for the U.S. Air Force by February 2014.
- Engineering firm Engility Holdings got a $9.6 million contract modification asking it to provide Naval Air Systems Command with technical and engineering services under the Structural Appraisal of Fatigue Effects (SAFE) Program. The completion date is February 2014.
- Science Applications International Corp was awarded $8 million for engineering work on global positioning systems. Completion date: May 7, 2013.
The article $98 Million in Pentagon Contracts Announced Night Before Sequester originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics and General Electric Company. 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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