Boeing Wins $112 Million for JUMPS, JDAM, and Helo Work
The Department of Defense issued $1.3 billion worth of new contract awards Friday. While privately held companies won the bulk of the funding, one publicly traded firm in particular made out pretty well. With $112.1 million in total awards spread across three contracts, Boeing won nearly 7% of the funds granted Friday. Its contracts included:
- A $9.6 million cost-plus-fixed-fee contract to subsidiary Argon ST, to support the Joint Unified Multi-Capable Protection System research and development program, which aims to improve the performance and analysis of signals intelligence for the Army.
- A $36.6 million modification to a previously awarded firm-fixed-price contract to supply composite main rotor blades for Army Apache Block III helicopters.
- A $65.9 million firm-fixed-price contract to supply 2,701 Lot 17 Joint Direct Attack Munition tailkits -- accessories that turn "dumb bombs" into "smart bombs." Work on this largest of Boeing's three contract wins should be complete by March 31, 2015.
The article Boeing Wins $112 Million for JUMPS, JDAM, and Helo Work originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. 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.