Pentagon Awards $297 Million in Defense Contracts Wednesday
The Department of Defense awarded seven new defense contracts Tuesday, worth $296.9 million in total. Among the winners:
- Northrop Grumman was awarded a $52.3 million firm-fixed-price cost-reimbursement option exercise to continue providing personnel, facilities, aircraft subsystems and support equipment for the U.S. Air Force's Battlefield Airborne Communications Node E-11A platform based out of Kandahar Air Base in Afghanistan through Jan. 23, 2015. The Air Force currently operates four such E-11As, which are used to relay information among different warfighters, both on the ground and in the air, even when such warfighters are communicating on different networks.
- The Bell-Boeing Joint Project Office joint venture between Textron and Boeing was awarded $26.7 million cost-plus-fixed-fee, cost reimbursable delivery order to provide on-site flight test management, flight test engineering, design engineering, and related support for the Naval Rotary Wing Aircraft Test Squadron through December.
- Raytheon was awarded a $25.5 million contract modification to perform engineering work on the U.S. Navy's DDG 1000 Zumwalt Class Destroyer Program through December.
- Rolls-Royce was awarded a $13.6 million contract modification to perform 17,226 engine flight hours of work on Navy MV-22 Osprey tiltrotor aircraft -- the same aircraft produced by and being worked on by the Bell-Boeing Joint Project Office.
The article Pentagon Awards $297 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 Northrop Grumman, Raytheon, 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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