Pentagon Awards $1.29 Billion in Contracts Monday
The Department of Defense announced 18 new defense contracts Monday, worth $1.29 billion in total value. The big winner of the day was Boeing, which won three separate contracts -- including a monster $750 million award for upgrades on the B-1 bomber. But Boeing wasn't the only winner Monday. Among other defense contractors winning contracts:
- United Technologies won the second biggest contract of the day -- a $167 million cost-plus-incentive-fee contract to provide operations and maintenance support on Low-Rate Initial Production lot VII F135 propulsion systems for Lockheed F-35 Lightning II stealth fighter jets operated by the U.S. Air Force, Navy, and Marine Corps, and for the U.K. military besides. UTC will be working on this contract through December 2016.
- Raytheon was awarded $69.2 million-ceiling-priced delivery order under a previously issued basic ordering agreement. Raytheon will repair and replace 32 repairable assemblies and 33 replaceable assemblies that are part of U.S. Navy F/A-18 fighter jet Advanced Targeting Forward Looking Infra-Red (FLIR) systems by December 2015.
- General Dynamics was awarded a $7.4 million contract modification to make security upgrades on all Joint Execution and Tasking Systems for Space Services for the U.S. Space and Missile Systems Center. This work will include upgrading commercial off-the-shelf hardware and software, redesigning developmental PowerPoint software, and redesigning software that retrieves messages and files from the Multi-Compartmented Collaboration Service. General Dynamics is to complete work on this contract by June 30, 2015.
The article Pentagon Awards $1.29 Billion in Contracts Monday 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 Raytheon. 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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