Pentagon Spends $137 Million on Huey Parts, Destroyer Upgrades
Returning groggy from a holiday weekend (which was, after all, held in its honor), the Department of Defense was slow out of the gate on Tuesday, awarding a bare half-dozen contracts worth no more than $137 million in total. Those going to publicly traded firms included:
- $50.6 million: Awarded to Textron's Bell Helicopter division to fund the purchase of long lead parts and components needed to manufacture 15 Lot 11 UH-1Y Super Huey utility helicopters and 10 Lot 11 AH-1Z Viper attack helicopters for the Marine Corps. This contract runs through September 2014.
- $49.8 million: Awarded to BAE Systems as part of a previously awarded cost-plus-award-fee contract to perform upgrades on the guided missile destroyer USS Russell (DDG 59) while in extended dry-dock. This work will be completed by February 2014.
- $7 million: Awarded to Breeze Eastern Corp. in exercise of the first option year on a contract to perform repair work on Navy H-53 Sea Dragon helicopters through Nov. 21, 2013.
- $6.7 million: Awarded to United Technologies subsidiary Universal Propulsion Co. for the purchase of spare digital recovery sequencer kits, power modules and electronic modules for F-15, F-16, F-117, and B-1 aircraft. This contract will be performed by Nov. 14, 2014. Although awarded through the U.S. Naval Supply Systems Command Weapon Systems Support office, the contract actually benefits not only the U.S. military, but also the governments of several U.S. allies -- Bahrain, Columbia, Denmark, Egypt, Greece, Indonesia, Jordan, the Netherlands, Pakistan, Poland, Portugal, Saudi Arabia, South Korea, Taiwan, and Turkey.
The article Pentagon Spends $137 Million on Huey Parts, Destroyer Upgrades originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Textron. 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.
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