Pentagon Awards $1.246 Billion in Contracts Thursday
The Department of Defense awarded 21 contracts Thursday, worth just under $1.246 billion in combined value. The bulk of the awards went to privately owned contractors to pay for such logistical and construction works as the building of a new barracks at West Point, maintenance works in the continental U.S., and infrastructure design and engineering works. However, there were a few individual contracts, going out to publicly traded firms, worth noting. For example:
- FLIR Systems subsidiary ICx Technologies won a $21.8 million contract modification to support the U.S. Army's Joint Program Manager for Nuclear, Biological and Chemical Contamination Avoidance (JPM NBC CA) program.
- URS Federal Services was awarded $19.6 million in exercise of the second option year on a contract to perform hazardous materials management services for the Defense Logistics Agency in Maryland, Florida, North Carolina, and California through July 27, 2016. Two one-year option periods remain to be exercised under this contract.
- Raytheon won a $16.7 million contract modification to provide depot-level diagnostics and repair of Army Patriot missile systems.
- Lockheed Martin was awarded a contract not to exceed $13 million in value, to fund advanced procurements necessary to build a C-130J-30 aircraft for later delivery to Israel.
- BAE Systems won a $9.2 million contract modification to provide engineering services in support of the MK 41 vertical launching system through September 2013.
The article Pentagon Awards $1.246 Billion in Contracts Thursday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin and Raytheon Company. 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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