A "Good" Friday for Pentagon Contractors Yields $374 Million in Contracts
Much of America was on holiday Friday -- but America's Department of Defense never sleeps, and on Friday, the generals were hard at work awarding defense contracts. Some of the lucky (publicly traded) winners were:
- General Dynamics , whose Ordnance and Tactical Systems unit split a $100.6 million "indefinite-delivery/indefinite-quantity, fixed-price with economic price adjustment, multiple-award" contract to supply "M107 projectile metal parts" (for 155mm howitzer rounds) with fellow munitions supplier IMT Defense of Westerville, Ohio. Both companies are contracted to supply the needed munitions through March 26, 2018.
- British defense contractor BAE Systems , which won an $85.5 million cost-plus-fixed-fee contract all for itself. This contract hires BAE to perform research, development, test, and evaluation services in support of the U.S. Army's Future Warfare Center. Simultaneously, a contract of identical size -- $85.5 million -- and description was awarded to Huntsville, Ala.-based Quantum Research International. Both contracts run through Sept. 30, 2015.
- Engility Holdings , which was awarded $77.9 million in a cost-plus-fixed-fee, incrementally funded contract to train U.S. and Coalition forces serving in Afghanistan in "law enforcement and investigation techniques." This contract runs through Dec. 31, 2014.
- CACI Technologies , which won a $14 million cost-plus-fixed-fee modification, extending a previously awarded contract to support program analysis, communications, human resources and other activities at the Navy's Expeditionary Warfare Program Office, through March 2014.
- United Technologies' , whose Pratt & Whitney division won $10.8 million to supply the Air Force with aircraft engine compressors and spare parts. Completion date: Dec. 30, 2016.
The article A "Good" Friday for Pentagon Contractors Yields $374 Million in 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 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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