Pentagon Awards $912 Million in Contracts Thursday
The Department of Defense issued 19 new contracts on Thursday worth a combined $911.7 million. Of these, the largest contract went to privately held Nomad Global Communication Solutions -- a $382.5 million contract to purchase commercial fire and emergency vehicles. No publicly traded companies won anything quite as lucrative, but they weren't left totally out in the cold, either:
- Government contractor CACI won a $74.8 million contract modification to provide medical logistics and "non-personal services support" to the U.S. Air Force's Expeditionary/Contingency Medical Material program at locations within the continental United States.
- Rolls-Royce Corp won a $48.9 million firm-fixed price contract to activate depots for AE3007H aircraft turbofan engines. Rolls has an expected completion date of 2015 on this contract.
- Lockheed Martin was awarded a $42.4 million contract modification to begin collecting "non-recurring engineering" and long-lead materials needed to build satellites Nos. 5 and 6 for the space-based infrared systems (SBIRS) missile warning program. This contract runs through June 19, 2016.
- SAIC won a $35.8 million cost-plus-incentive-fee contract to perform software engineering, hardware, integration, technical support, and training for the Integrated Strategic Planning and Analysis Network through Sept. 30, 2018.
- And finally, Air Methods won a $9.3 million firm-fixed-price, non-option-eligible, non-multiyear contract to supply the U.S. Army with 61 Interim Medical Evacuation Mission Support System kits.
The article Pentagon Awards $912 Million in Contracts Thursday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Air Methods and 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.