Pentagon Issues Navy Contract Worth Up to $900 Million
On Wednesday, the Department of Defense awarded a series of indefinite-delivery/indefinite-quantity contracts to 15 separate companies, giving each the right to compete for future task orders valued at $180 million initially.
The awards have been issued to the following companies, which will compete on a case-by-case basis as task orders are issued:
- Booz Allen Hamilton Engineering Services and Booz Allen Hamilton, -- both subsidiaries of McLean, Va.-based Booz Allen Hamilton Holding Corporation
- Computer Sciences Corp.
- Engility Corp.
- Lockheed Martin (NYSE: LMT)
- Science Applications International
- Britain's Qinetiq North America
- Privately held Centurum Information Technology, Glotech, M.C. Dean, Scientific Research Corp, Sotera Defense Solutions.
These contracts provide for the procurement of "Decision Superiority support services" to the Navy's Space and Naval Warfare Systems Center Atlantic, which services will encompass an "entire spectrum of non-inherently governmental services and solutions."
The contracts contain provisions for extending them in four, successive, one-year "option year" increments. If all options are exercised, the contracts could ultimately reach $899.8 million in total value, and could run through March 2018.
The article Pentagon Issues Navy Contract Worth Up to $900 Million originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin and ManTech International. 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.