Pentagon Places Orders for $2.3 Billion in Jet Fuel
The Pentagon needs fuel. Fortunately, it's found a few companies willing to slake its thirst for oil.
On Tuesday, the Department of Defense awarded some $2.3 billion worth of contracts for "aviation turbine fuel." Most of the major oil and refining companies came away with contracts, including:
Royal Dutch Shell subsidiary Equilon Enterprises, which claimed the largest award at an estimated $474.1 million in maximum value.
Valero , winner of a nearly as large contract valued at up to $456.4 million.
ExxonMobil , winner of a $405.1 million contract.
Chevron , which won $391.4 million.
Western Refining , awarded a $268.7 million supply contract.
In addition, four other, smaller companies also won contracts. All nine contracts state June 30, 2014, as the deadline for delivery.
The article Pentagon Places Orders for $2.3 Billion in Jet Fuel originally appeared on Fool.com.
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