Pentagon Awards $1.66 Billion in Defense Contracts Monday
The Department of Defense announced 24 new defense contracts Monday, with a combined value of $1.66 billion. Among the companies winning awards:
- BAE Systems won a $48.9 million cost-plus-fixed-fee, cost reimbursable contract to design, integrate, test, install, and support shipboard Command, Control, Communications, Computers, and Intelligence electronic communication systems for ships of the U.S. Navy. Work under this contract should be complete by June 2019.
- Northrop Grumman won a $9.5 million cost-plus-fixed-fee contract to maintain E-2C and E-2D airborne early warning aircraft and C-2 cargo aircraft in support of the Naval Air Warfare Center's Air Test and Evaluation Squadron Two Zero through December 2014.
- Hornbeck Offshore Services was awarded an $8 million option exercise whereby the U.S. Navy's Military Sealift Command is chartering its offshore supply vessel HOS Dominator for one additional year. The vessel's primary mission will be to provide submarine rescue diving and recompression system support to Commander, Submarine Forces, U.S. Pacific Fleet through December 2014.
- Navistar was awarded a $6.9 million contract modification procuring additional field service support work for the U.S. Army on its Mine-Resistant, Ambush-Protected MaxxPro vehicles both in the continental United States and overseas. This contract will now run through Dec. 31, 2014.
The article Pentagon Awards $1.66 Billion in Defense Contracts Monday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman. 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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