Pentagon Awards 10 Contracts Worth $1.1 Billion

Rich Smith, The Motley Fool
Updated

On Wednesday, the Defense Department awarded a total of 10 separate contracts worth as much as $1.16 billion in aggregate, including "optional" time extensions that are likely to be exercised. Eight of the contracts were let out by the U.S. Army to contractors, including:

  • Boeing , which was awarded a $26.1 million modification to a previously awarded firm-fixed-price, foreign military sales contract to train Saudi pilots in the use of its Apache Block III helicopters and support the helos on location. The Pentagon noted that the cumulative value of this contract to Boeing now exceeds $216.2 million.

  • Exelis subsidiary NexGen Communications, which won a $14.7 million modification to a previously awarded cost-plus-fixed-fee contract to perform unspecified R&D work for the Army.

  • United Technologies , whose Sikorsky Aircraft Corporation won an $11.4 million modification to a previously awarded firm-fixed-price, foreign military sales contract, which will pay for one UH-60M Black Hawk helicopter for the Thai military.

  • Orion Marine Group subsidiary Orion Marine Construction, which was awarded a firm-fixed-price contract to perform dredging work for the U.S. Army Corps of Engineers in La Port, Texas. This contract has a maximum value of $8.9 million.

  • Finally, CACI won a firm-fixed-price contract to provide management services to the Air Force Expeditionary Contingency Medical Materiel Support Services. This contract has a "maximum value" of $6.5 million, but the actual amount of funds that will disbursed will depend on the number of task orders CACI receives.

The article Pentagon Awards 10 Contracts Worth $1.1 Billion originally appeared on Fool.com.

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