Pentagon Awards $1.16 Billion in Contracts
The U.S. Department of Defense announced 17 separate contract awards on Thursday worth upwards of $1.14 billion in total value. Most of the contracts went to privately held firms this time around, but there were a few publicly traded winners, among them:
- Lockheed Martin won a not-to-exceed-$34,500,000 undefinitized contract modification, funding the purchase of Autonomic Logistics Information System equipment, training devices, and sustainment and logistics work for Low Rate Initial Production Lot 6 F-35 Lightning II Joint Strike Fighters. These fighters are destined for the Italian Air Force, and this contract should be complete by October 2018.
- Computer Sciences Corp won its own undefinitized contract modification, worth up to $28.9 million, on a cost-plus-fixed-fee bridge contract to provide information technology services in support of the U.S. Navy Technology Services Organization as it, in turn, serves as an "enterprise business systems integrator" for the U.S. Marine Corps. This contract runs through August 2014.
- Olin Corp's Winchester ammunition division won an $11.7 million firm-fixed-price, option eligible, non-multiyear contract modification to supply the U.S. Army with 10.4 million 5.56mm M855 rifle cartridges in 10-round clips, 2.3 million linked 5.56mm M855 cartridges, 3,200 linked 5.56mm M855 cartridges with M856 tracer rounds included in a 4:1 ratio, and 3.2 million linked 0.50 caliber M17 cartridges.
- Rolls-Royce Corp. was awarded a $10.8 million contract modification to supply 11 low power repair parts for AE1107 turbo shaft engines used on the MV-22 tiltrotor aircraft, and to provide two months of mission care site support for "HMX-1" helicopters belonging to Marine Helicopter Squadron One, which serves the United States President. This contract runs through February 2014.
- And finally, Tetra Tech won a firm-fixed-price, indefinite-delivery/indefinite-quantity architect-engineering contract worth up to $7.5 million to perform surveying and mapping services in the Naval Facilities Engineering Command (NAVFAC) Southwest area of responsibility (AOR) through August 2016.
The article Pentagon Awards $1.16 Billion in Contracts 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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