Pentagon Awards $1.82 Billion in Defense Contracts Thursday

The Department of Defense announced 37 new defense contracts worth a combined $1.82 billion on Wednesday. Among the publicly traded companies winning contracts:

  • General Dynamics won one of the larger awards of the day, a $107.3 million contract modification to supply the U.S. Army with 1500 Manpack radio kits and 500 dismount kits by Jan. 30, 2015.
  • Booz Allen Hamilton won a $49.9 million cost-plus-fixed-fee indefinite-delivery/indefinite-quantity contract for the "dematerialization-centric intelligence surveillance and reconnaissance effort" to perform analyses, assessments, studies, and operational exercises of technologies and systems for the Army. This work will continue through Dec. 18, 2016.
  • Teledyne won a $49.2 million firm-fixed-price requirements contract for the repair of 1,600 10 KT traveling wave tubes for AN-SPY-1 radar systems incorporated into AEGIS weapons systems. This contract will run through Dec. 31, 2020.
  • Exelis subsidiary EDO Corp won a $39 million firm-fixed-price contract to supply 450 BRU-55A/A bomb racks to the U.S. Navy by November 2016.
  • And L-3 Communications was awarded a $25.9 million contract modification calling upon it to supply 40,842 M734A1 and 99,791 M783 mortar fuses to the U.S. Army by Oct. 31, 2015.

The article Pentagon Awards $1.82 Billion in Defense Contracts Thursday 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story