Pentagon Issues Contracts for Helo Repairs, Oil Storage, and... Robots

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Wrapping up a week most notable for its stinginess, the U.S. Department of Defense awarded only three (yes, you read that right) new contracts Friday. As for the $44 million in Pentagon contracts awarded, the winners were:

  • NuStar Terminals Operations Partnership L.P., tagged a "small business" in the Pentagon award, but actually a sub-subsidiary of $1.7-billion market capitalized NuStar Energy L.P. . NuStar won a $23.3 million firm-fixed-price contract to receive, store, and ship government owned petroleum products for the Army, Air Force, Navy, and Marine Corps from now through July 11, 2018. An optional extension could push NuStar's completion date out to July 11, 2023.
  • Lockheed Martin . Lockheed was issued a $12.9 million delivery order to conduct repairs on 25 unspecified items located in the common cockpit of Navy H-60R/S helicopters by July 1, 2015.
  • And finally, British defense contractor QinetiQ's North America subsidiary won a $7.8 million firm-fixed-price contract to supply Talon IV robots (analogous to our own more familiar iRobot PackBots in form and function) to the Pakistani military. The Talons will be used for bomb disposal work in Pakistan.

The article Pentagon Issues Contracts for Helo Repairs, Oil Storage, and... Robots originally appeared on Fool.com.

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.

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