Pentagon Spends $961 Million on Poseidon Parts, Saudi Helo Trainers

Rich Smith, The Motley Fool
Updated

The Department of Defense awarded more than $961 million worth of contracts to a total of 17 awardees on Thursday. Notable awards to publicly traded companies included:

  • $74.2 million: Awarded to Science Application International Corp in exercise of the eighth option year period (through May 30, 2014) on a firm-fixed-price, indefinite-delivery contract to provide maintenance, repair, and supply services for the Hawaii and Guam region.

  • $53.6 million: Awarded to Boeing on a firm-fixed-price contract supply spare parts for the Low Rate Initial Production Lot III of Boeing's P-8A Poseidon Multi-Mission Maritime aircraft. This contract should be completed by June 2016.

  • $27.3 million: Split between General Dynamics and privately held Capco of Grand Junction, Colo.. This award covers the procurement of parts and tools to service M2A1 machine guns.

  • $8.1 million: Awarded to Rockwell Collins under a firm-fixed-price, indefinite-delivery/indefinite-quantity, multiyear, foreign military sales to support Longbow Crew Trainer Virtual Geospecific Database Suites for Saudi pilots of the Apache Longbow attack helicopter.

  • $8 million: Awarded to L-3 Communications as an indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee with provisions for firm-fixed-price orders, performance-based contract to supply and support proprietary L-3 communications equipment for the Coast Guard. This contract includes additional option years, which, if exercised, would bring the cumulative ceiling value of the contract to an estimated $24.9 million and would extend the period for performance through May 2016.

The article Pentagon Spends $961 Million on Poseidon Parts, Saudi Helo Trainers originally appeared on Fool.com.

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