Pentagon Spends $75.7 Million on Miscellaneous Projects
The Department of Defense announced a series of small (in defense contracting terms) contract awards to multiple publicly traded companies Monday. Among them were the following:
- The smallest award went to L-3 Communications' Fuzing and Ordnance Systems unit, which was awarded $7.5 million to procure M734A1 fuzes, used to detonate mortar rounds upon collision or upon reaching a certain proximity to target. The completion date on this contract is Feb. 28, 2015.
- Atmos Energy Marketing, a subsidiary of Atmos Energy , won a fixed-price with economic-price-adjustment contract worth up to $30.8 million to supply natural gas to Army, Navy, Air Force, and federal civilian agencies located in Texas through April 30, 2015.
- Science Applications International won a pair of contracts. The larger one, worth at least $9.5 million, is a cost-plus-fixed-fee contract to perform research and development work on "configurable technology" for anti-submarine warfare surveillance in deep ocean areas. The 15-month contract has an optional six-month extension attached to it, which, if exercised, would raise the contract value to $10.1 million and extend performance through Dec. 17, 2014.
- SAIC's other contract, worth $8.6 million, is another cost-plus-fixed-fee contract. This one requisitions unspecified "information technology support services" from the company. Its estimated completion date is March 15, 2014.
- Finally, General Dynamics' National Steel and Shipbuilding division won an $18.7 million modification to a previously awarded contract to conduct post-shakedown work on the newly built landing platform/dock USS Anchorage (LPD 23). The Anchorage, which was built by Huntington Ingalls and christened in May 2011, is due to be commissioned in May. General Dynamics should complete its work on her by December 2014.
The article Pentagon Spends $75.7 Million on Miscellaneous Projects originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics, Huntington Ingalls Industries, and L-3 Communications Holdings. 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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