Pentagon Awards Caterpillar $633 Million Contract

Rich Smith, The Motley Fool
Updated

Caterpillar won a $633 million contract from the Department of Defense on Friday. The DOD awarded Caterpillar the "fixed-price with economic-price-adjustment contract" for the supply of "material handling equipment," a category that could include anything from forklifts to actual Caterpillar-brand material handlers.

Caterpillar will be asked to supply the equipment to Army, Navy, Air Force, Marine Corps, and federal civilian agency locations in the U.S. and abroad.

This contract runs through March 21, 2018.

The article Pentagon Awards Caterpillar $633 Million Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned, and neither does The Motley Fool. 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.

Advertisement