Pentagon Announces $331 Million in Defense Contracts Friday

Before you go, we thought you'd like these...
Before you go close icon

The Department of Defense announced the award of 11 new defense contracts Friday, worth $331 million in aggregate. Among the winners:

  • The Bell-Boeing Joint Project Office, a joint venture between Textron and Boeing , was awarded a $33 million contract modification instructing it to provide engineering and technical support for Navy V-22 Osprey flight control system and on-aircraft avionics software; flight test planning and coordination of changed avionics and flight control configurations; and planning for upgrades of avionics and flight controls. All of this work is to be completed by December 2015.
  • Raytheon was awarded a $17 million option exercise to supply deferred mission systems equipment for the new Zumwalt-class guided missile destroyer USS Michael Monsoor (DDG 1001). Delivery is due by April 2017.
  • Jacobs Engineering was awarded a $12.8 million contract modification instructing it to continue providing classified cryptographic and information assurance systems, equipment, services and support to various DoD agencies, U.S. military departments, and various foreign military sales customers through May 19, 2014.
  • Northrop Grumman won a new $8.9 million cost-plus-fixed-fee contract to supply the U.S. Army with a protected Military Satellite Communications design demonstrating "affordability risk reduction." Due date: Jan. 21, 2015.

The article Pentagon Announces $331 Million in Defense Contracts Friday originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman, Raytheon, and Textron. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners