U.S. Army Corps of Engineers Awards $600 Million Energy Conservation, Alternative Energy Contract

On the final day of its fiscal year, the Department of Defense announced 95 separate defense contracts Monday, worth $5.526 billion in total. One of the day's largest awards didn't deal with military hardware at all.

Said to be worth $600 million in total, the contract in question was given by the U.S. Army Corps of Engineers, and names several companies as winning the right to bid on individual task orders to assist the Corps with various Pentagon "energy conservation and development of alternative energy projects."

Forty-six companies applied to participate in the program; 11 were chosen, including privately owned firms and foreign-listed companies -- but also the following five publicly traded firms listed in the U.S.:

  • Ameresco
  • Chicago Bridge & Iron subsidiary Shaw Environmental & Infrastructure
  • Eaton Corporation
  • SAIC
  • URS Group

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The article U.S. Army Corps of Engineers Awards $600 Million Energy Conservation, Alternative Energy Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Ameresco. 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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