On Tuesday, the Department of Defense awarded contractor Booz Allen Hamilton a contract worth an estimated $65.6 million to support the Defense Readiness Support System-Navy.
Booz Allen will perform systems engineering, integration, test and evaluation, and lifecycle support work, as well as technical support services required to augment readiness programs and projects, and market research on commercial and/or military hardware and software appropriate for use in military readiness reporting tasks. The company is expected to complete work on the contract by April 29, 2016.
According to DoD, this is a multiple-award contract that actually has two recipients who will compete for the pool of available funds. However, the other winner, privately held InnovaSystems International, LLC, had its award set at $58.7 million.
The article Booz Allen to Share $65.6 Million Navy Contract originally appeared on Fool.com.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.