7 Defense Contractors to Participate in $4 Billion Anti-WMD Contract
The Department of Defense announced $4.92 billion worth of new awards Tuesday, in the form of eight separate defense contracts, but just one of these contracts was worth four times more than all the rest, combined.
The contract in question, a maximum $4 billion contract called "Combating Weapons of Mass Destruction Research and Technology Development IDIQ," is an indefinite-delivery, indefinite-quantity contract that authorizes seven different defense contractors to bid on individual task orders as they arise. The task orders will relate to research and development and scientific and technological solutions work on matters of non-proliferation, counterproliferation, and "consequence management." It will be awarded over the course of a five-year initial base period, to be followed by an optional five-year extension that could stretch the contract out to Dec. 3, 2023. Crucially, the contract's $4 billion ceiling value would not increase even in the event of such an extension.
Contract winners as of now include:
- Engility Corp
- Leidos, Inc
- Northrop Grumman
- Privately held defense contractors Alion Science and Technology and Applied Research Associates.
The article 7 Defense Contractors to Participate in $4 Billion Anti-WMD Contract originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman 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.
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