Pentagon Awards $1.78 Billion in Defense Contracts Friday
The U.S. Department of Defense announced no fewer than 35 separate contract awards, worth a combined $1.78 billion Friday. Among them:
- Elbit Systems subsidiary Kollsman, won a $44.8 million firm-fixed-price, five-year requirements contract to repair nine Weapon Repairable Assemblies on Night Targeting Systems installed in Marine Corps AH-1W SuperCobra helicopters through September 2018.
- Lockheed Martin won a $44.1 million contract modification to conduct telemetry redesigns on the PATRIOT Advanced Capability-3 air defense system for the Army.
- L-3 Communications won a $23.9 million cost-plus-fixed-fee, non-option eligible, non-multi-year contract to assist with upgrades for the U.S. Army Intelligence and Security Command Futures Directorate.
- General Electric won a $25.1 million indefinite-delivery/indefinite-quantity, firm-fixed-price contract to supply the Navy with up to 190 Low-Rate Initial Production AV-8B Radar Display Computers, 15 spare card sets, and six engineering development units, and to provide non-recurring engineering support through April 2016.
- Raytheon won an $11.4 million estimated cost-plus fixed-fee requirements foreign military sales contract to maintain F-15 and similar radar systems and avionics hardware for F-15 fighter jets operated by the air forces of Israel, Saudi Arabia, Korea, Japan, and Singapore. This contract runs through Sept. 1, 2018.
The article Pentagon Awards $1.78 Billion in Defense Contracts Friday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Electric Company, L-3 Communications Holdings, Lockheed Martin, 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.