Pentagon Awards Data Mining, Helicopter, and Robo-Sub Contracts
The Department of Defense awarded 13 separate contracts Wednesday, worth about $613 million in aggregate. Several of these awards went to privately held companies, of little interest to investors. However, publicly traded companies did win a few contracts. Notably:
- Telecommunications Systems won one of six awards issued as part of a firm-fixed-price, multi-year, multiple-award contract with a maximum value of $48,000,000. Under this contract. Telecommunications Systems will have the right to bid on various task orders to provide command, control, communications, and computer support services for users located at the Army's Fort Bragg in North Carolina.
- Exelis subsidiary EDO Professional Services was awarded $22.1 million to continue providing technical services in support of Space and Naval Warfare Systems Center Pacific (SSC Pacific) on its unmanned maritime systems performing fleet mine countermeasures and force protection. This contract now runs through July 22, 2014.
- Boeing won $17 million contract to supply an unspecified number of CH-47 helicopters to Australia and the United Arab Emirates.
- Raytheon Oakley Systems was awarded $7.9 million to perform R&D work on methods to detect "insider threats" through behavior identification.
- IBM won $7.8 million to do additional work on developing scalable "graph analytic and statistical learning methods" to detect abnormal behavior within "large, dynamic, and heterogeneous media."
The article Pentagon Awards Data Mining, Helicopter, and Robo-Sub Contracts originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of IBM and Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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