Pentagon Orders $85 Million Worth of Hip and Knee Replacements
The U.S. Department of Defense announced only eight new contracts on Wednesday, worth $211.5 million combined. Threepublicly traded companies (or companies owned by such) won contracts, namely:
- Stryker Corporation , winner of the biggest contract of the day -- an $85.5 million contract to supply orthopedic hip and knee procedural packages (hip and knee implants, instrumentation sets, and auxiliary products) to the U.S. Army, Navy, Air Force, and Marine Corps. This contract runs through Aug. 5, 2014.
- Lockheed Martin , awarded a $9.5 million contract modification to incrementally fund Aegis Platform Systems Engineering Agent activities and Aegis Modernization Advanced Capability Build engineering work, both pertaining to the U.S. Navy's Aegis air defense system. Work on this contract will be completed by September 2014.
- Rockwell Collins /Elbit Systems joint venture Vision Systems International LLC, which won a $10 million delivery order to supply spare parts for the A/24A-56 Joint Helmet Mounted Cueing System (JHMCS) used by pilots of F-15, F-16, and F/A-18 fighter aircraft. Completion date is Nov. 28, 2014.
The article Pentagon Orders $85 Million Worth of Hip and Knee Replacements originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. 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.
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