Pentagon Awards $474 Million in Defense Contracts Wednesday
The Department of Defense announced 15 new defense contracts worth a combined $474 million on Wednesday. Among the publicly traded companies winning contracts:
- Pfizer subsidiary Meridian Medical Technologies won the largest contract of the day, a $123.2 million option exercise (the third one-year-long option out of four possible) to supply U.S. Army, Navy, Air Force, and Marine Corps locations in Maryland and Missouri with nerve agent antidotes in auto-injectors, and to provide these locations with services related to basic maintenance and surge readiness. Delivery is due by Dec. 31, 2014.
- Rockwell Collins won a $46.6 million sole-source, cost-plus-incentive-fee contract for work on the Air Force's B-2 Common Very Low Frequency Receiver Increment 1 Engineering Manufacturing Development (EMD) Effort. The EMD phase includes the modification, qualification, and testing of the B-2 Common Very Low Frequency Receiver system, and should be completed by June 28, 2018.
- Bell Helicopter Textron was awarded an $18.6 million foreign military sales contract modification to provide six additional months of contractor logistics support for Bell 407, Huey, Jet Ranger, and OH-58A/C helicopters based in Al Taji, Iraq (formerly Camp Cooke). This contract will now run through Aug. 8, 2014.
- Boeing was awarded a $12.3 million contract modification to continue uninterrupted satellite operations, maintenance, and anomaly resolution for the Space Superiority Systems Directorate's Space Based Space Surveillance Block 10 System through June 20, 2015.
- Oracle was awarded a $7 million modification to a U.S. Army contract for Oracle PeopleSoft licenses and maintenance services. This contract remains in force through Dec. 20, 2014.
The article Pentagon Awards $474 Million in Defense Contracts Wednesday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Oracle. and Textron. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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