Pentagon Awards $110 Million in Defense Contracts Wednesday

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The Department of Defense awarded only five new defense contracts Wednesday, worth just $110.2 million in total. Publicly traded defense contractors claimed two of the contracts:

General Electric's GE Healthcare division was awarded an option exercise worth up to $43.2 million to exercise a fifth option year of supplying U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with patient monitoring systems, subsystems, accessories, consumables, and spare parts, plus training services, through Jan. 13, 2015.

BAE Systems was awarded a $13.9 million contract funding additional upgrades and maintenance work upon the USS Wasp (LHD 1) while it is in dry-dock. This contract will now run through Nov. 2.

The article Pentagon Awards $110 Million in Defense Contracts Wednesday originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Electric. 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.

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