Pentagon Awards $67.7 Million in Army Contracts
The Department of Defense announced a series of new defense contracts benefiting the U.S. Army on Wednesday, with publicly traded companies reaping nearly $68 million in awards, including:
- L-3 Communications' National Security Solutions subsidiary was awarded an $8.4 million firm-fixed-price contract to provide "enterprise service support for the entire National Capital Region." This contract runs through March 29, 2014.
- Boeing won a $12.1 million cost-plus-fixed-fee contract to support the "generation three electronic control unit upgrade and the installation of the AVR-2B Laser Warning System." AVR-2B is a product of Goodrich -- now a subsidiary of United Technologies -- designed to alert U.S. forces when they have been illuminated by hostile laser rangefinders, target designators, or similar laser-aided targeting systems, and indicate the direction from which the laser designator originated. Boeing's work on this project is expected to be complete by March 25, 2015.
- Northrop Grumman's Space and Mission Systems division won a $24.4 million time-and-materials contract, extending by one year (through March 25, 2014) its contract to support the U.S. Air and Missile Defense Planning and Control System (AMDPCS), a system Northrop began bringing on line in 2007.
- Esterline Technologies subsidiary Armtec Countermeasures Co. was awarded a $22.8 million firm-fixed-price contract to procure additional M206, MJU-7A/B and MJU-10/B infrared countermeasure flares (used to distract enemy anti-aircraft missiles). Armtec will deliver these flares by Feb. 28, 2015.
The article Pentagon Awards $67.7 Million in Army 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 and Northrop Grumman. 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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