Tech Firms Share In $1.75 Billion Worth of DoD Contracts Thursday
The Department of Defense went absolutely wild with contract awards Thursday, handing out a total of 29 separate contracts, worth a combined $1.75 billion to the companies receiving them. A few of the publicly traded companies winning awards included:
BAE Systems subsidiary Ordnance Systems, which won a $9.6 million modification to an already awarded firm-fixed-price contract "associated with the vacuum drying capability for premix and plastic bonded explosives" for the U.S. Army.
Oracle , recipient of a $14.9 million firm-fixed-price commercial contract to maintain the Global Combat Support System - Marine Corps through October 2013.
Raytheon , whose Integrated Defense Systems unit won a firm-fixed-price contract worth up to $19.6 million to supply the U.S. Army with Mobile Flight Simulators for the PATRIOT Missile System.
General Dynamics , whose Advanced Information Systems (GDAIS) unit was awarded a $20.4 million cost-plus-incentive-fee contract modification to provide engineering and technical services related to the AN/BYG-1 weapons control system for use aboard U.S. Navy and Royal Australian Navy submarines. General Dynamics is expected to complete work on this contract by June 2014.
Last, but not least (at least not by dollar value), Amphenol's Fiber Systems International business won a cool $45 million, firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the procurement of a "Mixed Fiber Optic Cable Assembly" to replace the "Light-Emitted Diode based CX-13295 Tactical Fiber Optic Cable Assembly" currently being used by the United States Marine Corps. Amphenol should wrap up this work by June 26, 201
The article Tech Firms Share In $1.75 Billion Worth of DoD Contracts Thursday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics, Oracle., and Raytheon Company. 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.