DoD Awards $2.4 Billion in Contracts for Fuel, Missiles, Plane Work
The Department of Defense issued $2.4 billion worth of new contracts Tuesday -- the bulk of which concerned bulk orders of fuel oil. But oil companies didn't lay claim to all of the Pentagon's business. A handful of traditional defense contractors won some work as well. Chief among them:
- L-3 Communications won a $6.7 million modification to a previously awarded firm-fixed-price contract to manufacture, test, deliver, and then support five Common Data Link Hawklink AN/SRQ-4 radio terminal sets in support of four Navy and one Coast Guard MH-60R Seahawk helicopters. This contract should be completed by May 2015.
- Lockheed Martin was awarded $9 million for services "in support of" the PATRIOT Advanced Capability-3 (PAC-3) air defense missile system.
- United Technologies' Pratt & Whitney division won an $11.4 million (estimated) fixed-price, indefinite-delivery, requirements type contract, "with fixed-price, man-month rates, and cost-reimbursable line items for travel and relocation for 15 contractor engineering and technical services representatives." Pratt will perform work on five Air National Guard, one Navy, and nine foreign military F100, JT9D, and J52 jet engines, and will complete its work by June 25, 2016.
- Privately held General Atomics won $28.3 million in funding to implement the Aircraft Structural Integrity Program Phase I "to manage the structural integrity of the MQ-9" Reaper drone fleet throughout the aircraft's life cycle. Work on Phase I of this task should be completed by Sept. 25, 2016.
The article DoD Awards $2.4 Billion in Contracts for Fuel, Missiles, Plane Work originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of L-3 Communications Holdings and Lockheed Martin. 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.