Pentagon Awards $4.92 Billion in Defense Contracts Tuesday
The Department of Defense announced only eight new defense contracts Tuesday, but combined, they added up to some $4.92 billion in total value. Among the companies winning awards:
- General Dynamics' Bath Iron Works division was awarded a $73.9 million contract funding integrated planning yard services on Arleigh Burke-class (DDG 51) guided missile destroyers and Oliver Hazard Perry-class (FFG 7) guided missile frigates. General Dynamics will provide expert design, planning, and material support services for the maintenance and modernization of both ship types through December 2016.
- MWI Veterinary Supply was awarded the second of four optional one-year extensions to a one-year base contract to supply the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with unspecified veterinary pharmaceutical products. This contract will now run through Dec. 5, 2014. The maximum value on this one-year extension is $43.4 million.
- L-3 Communications was awarded a $22.9 million option exercise to manufacture, test, deliver, and support four AN/SRQ-4 and 31 AN/ARQ-59 Common Data Link Hawklink radio terminal sets to be installed aboard MH-60R Sikorsky helicopters aircraft. Work on this contract is expected to extend through September 2017. According to Sikorsky, which builds the helicopter, the new MH-60R is taking over the roles of the company's previous SH-60B and SH-60F products, and will now serve as the U.S. Navy's primary anti-submarine and anti-surface warfare aircraft.
The article Pentagon Awards $4.92 Billion in Defense Contracts Tuesday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics and L-3 Communications Holdings. 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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