Pentagon Issues $82.2 Million Worth of Contracts
The Department of Defense announced a series of small (in defense contracting terms) contract awards to a handful of publicly traded companies Tuesday. Among them:
- Hess Corp. was awarded a $57.6 million fixed-price with economic-price-adjustment contract to supply pipeline-quality natural gas to Army, Navy, and federal civilian agencies locations in New Jersey through March 31, 2015.
- CACI International won a $17.9 million cost-plus-fixed-fee contract to support Joint Expeditionary Team Counter-IED (C-IED) operations in Afghanistan through December 2013.
- L-3 Communications landed a $6.7 million foreign military sales contract under a previously awarded basic ordering agreement. L-3 is tasked with repairing Total Radiation Aperture Controlled Antenna (TRAC)-A Rotodome Antennas and performing IFF Mode 5/S upgrades for the French Navy. (France is footing the bill). Work on this contract is to be completed by March 31, 2015.
The article Pentagon Issues $82.2 Million Worth of Contracts originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of L-3 Communications Holdings. 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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