Pentagon Spends $949 Million on Weapons Repair, Environmental Work, and Foodstuffs Friday

Rich Smith, The Motley Fool
Updated

The Department of Defense awarded a dozen separate contracts today, worth $949.1 million in aggregate. Nearly half the dollar value was accounted for by a single contract let out for environmental remediation services in New Jersey. But even so, several companies managed to win sizable contracts of their own, including:

  • Lockheed Martin , whose Missiles and Fire Control division won a $32.1 million modification to a previously awarded cost-plus-incentive-fee contract to perform repairs and recertifications for the PATRIOT Advanced Capability-3 Missile Support Center. The cumulative value of Lockheed's underlying contract has now passed $91 million.

  • Northrop Grumman , whose Information Technology division was awarded a time-and-materials contract valued at up to $24.6 million to provide operation and maintenance services in support of Army Knowledge Online -- Enterprise Services.

  • Sysco , which was granted a $13.8 million ceiling-value fixed-price with economic-price-adjustment bridge contract to supply food and beverages to Army, Navy, and Air Force bases in Florida.

  • L-3 Communications , which won an $8.4 million indefinite-delivery/indefinite-quantity (IDIQ) contract to establish a depot for repairing AN/ALQ-99 radar jamming pods used aboard Navy E/A-6B Prowler and E/A-18 Growler electronic warfare aircraft.Â

The article Pentagon Spends $949 Million on Weapons Repair, Environmental Work, and Foodstuffs Friday originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Sysco. The Motley Fool owns shares of L-3 Communications Holdings, Lockheed Martin, 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.

Advertisement