Pentagon Awards $311 Million in Contracts

Pentagon Awards $311 Million in Contracts

The Department of Defense issued nine new contracts on Tuesday worth $311.2 million in total. Most of these contracts went to privately held companies for services such as temporary medical staffing, storing and transport of soldiers' privately owned vehicles, and maintenance. But there were still a few noteworthy contracts let to publicly held companies. Among them:

  • FLIR Systems was awarded a $49.9 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract to repair and maintain electro-optical sensor systems on U.S. Marine Corps Ground Based Operational Surveillance Systems (G-BOSS) through September 2018. G-BOSS is designed to give military camps "beyond the fence" surveillance capability by elevating surveillance gear, thus expanding the territory that can be monitored outside of camp.

  • Lockheed Martin won an $18.2 million contract modification to perform additional engineering and technical work on Navy Aegis air defense systems through June 2014.

  • And finally, the CTI-URS Environmental Services joint venture was awarded a $9 million firm-fixed-price, non-option eligible, non-multiyear, indefinite-delivery/indefinite-quantity contract to perform unspecified "environmental services" for the U.S. Army Corps of Engineers in Louisville, Ky.

The article Pentagon Awards $311 Million in Contracts originally appeared on

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. 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.

Originally published