Pentagon Awards $2.14 Billion in Defense Contracts Monday
The Department of Defense announced a staggering 51 new contracts on Monday, the most contracts it's awarded on any single day, at any time this year. In total, the value of these contracts exceeded $2.14 billion -- and that was not even counting yet another appearance from the $7 billion alternative energy "Power Purchase Agreement" that's been popping up on the contracts list these past several weeks.
Britain's BAE Systems stood out among the day's winners for winning multiple contracts:
- A $20.7 million option exercise (that was apparently actually awarded, but not announced a week ago on September 17) to continue work on the landing platform dock USS Green Bay (LPD 20) while the ship is in dry dock in San Diego. The Navy continues to expect all work on the Green Bay to be completed by June 2014.
- A $10.6 million firm-fixed-price contract to supply the Air Force with aircraft flight processors, circuit card assemblies, and power supplies through May 2016.
Also winning work were:
- Computer Sciences subsidiary Space Coast Launch Services, which was awarded a $35.4 million contract modification to provide operations, maintenance, and engineering support to critical launch, spacecraft and ordnance facilities and support systems owned by the Air Force's 45th Space Wing. This contract runs through Sept. 30, 2014.
- Wisconsin's Oshkosh , recipient of a $22.3 million contract modification to supply the U.S. Army with 479 rocket propelled grenade (RPG) net kits to be installed on the company's M1240A1 Mine Resistant Ambush Protected All Terrain Vehicles (M-ATV). RPG "nets" offer an additional layer of protection to MRAPs, detonating incoming RPGs at a short distance, and diffusing their explosions such that they cannot penetrate the vehicle's armor.
- Northrop Grumman won a $7.9 million delivery order to supply the Air Force with spare parts for ground communications systems used to keep in contact with Global Hawk unmanned aerial vehicles. Delivery is due October 2015.
The article Pentagon Awards $2.14 Billion in Defense Contracts Monday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman. 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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