U.K. Defense Firms Win 3 Pentagon Contracts
The Department of Defense awarded eight contracts on Wednesday worth just under $956 million in combined value. Three of them went to subsidiaries of non-U.S. firms, specifically:
- QinetiQ North America, which was awarded a $20.4 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract for to provide post-production support for MK 2 man-transportable robotic systems (MTRS) to be used in bomb disposal work. The MTRS MK2 -- also known as the "Talon" robot -- is a rival to the U.S. company iRobot's PackBot bomb disposal robot. QinetiQ won a similar contract for Talon IV robots earlier this month.
- BAE Systems Hawaii won a $16 million contract modification expanding the scope of repairs to be conducted on the Navy guided missile destroyer USSChafee (DDG 90). BAE will be working on this contract through February 2014.
- Finally, a second BAE subsidiary, this time San Diego Ship Repair, won a $7.5 million contract modification to perform upgrades on the landing ship dock USSRushmore (LSD 47). This work should be complete by November 2013.
The article U.K. Defense Firms Win 3 Pentagon Contracts originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends iRobot . 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.