Pentagon Contract Awards Thursday Total $333.4 Million
The Department of Defense awarded 11 contracts worth a combined $333.3 million Thursday. Most went to smaller, privately held firms, but among publicly traded companies there were some winners, as well. Among them:
Reliance Steel & Aluminum subsidiary AMI Metals won $48.9 million for the exercise of a second (out of three possible) option year extension of a two-year base contract to supply the Defense Logistics Agency Troop Support with heat-treated aluminum sheet and plate materials. This contract was of the "fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity" variety, and runs through May 31, 2014.
Moog won a $39.7 million firm-fixed-price requirements contract to perform repairs on Navy F/A-18 fighter jets. This contract should be completed by Nov. 4, 2015.
Northrop Grumman was awarded $7 million for a ceiling-priced delivery order to perform repairs on Navy EA-18G Growler electronic warfare aircraft. Completion date: May 2, 2015.
The article Pentagon Contract Awards Thursday Total $333.4 Million originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Moog and Northrop Grumman. 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.