Pentagon Awards $305 Million in Defense Contracts Monday
The Department of Defense awarded 13 separate defense contracts Monday, worth $305.1 million in total. Among the publicly traded companies winning contracts:
- General Electric was awarded a two-year option, to be appended to a contract originally awarded also for two years (and which may be extended by one final year), to maintain a digital imaging network-picture archive communication system for the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies. The value of this first extension of the contract is not to exceed $73 million, and it will expire on March 26, 2016.
- CACI won a $27.1 million cost-plus-fixed-fee contract to perform unspecified "logistics and engineering services" for the U.S. Army at unspecified "contingency locations" through December.
- FLIR Systems won a sole-source, firm-fixed-price contract to supply the U.S. Navy with up to $18.2 million worth of unspecified weapon system turrets through May 30.
- Rockwell Collins was awarded an $8.3 million option exercise for the procurement of AN/ARC-210(V) electronic radios and ancillary equipment to be used aboard a variety of U.S. Navy aircraft. The specific equipment being ordered includes 57 control radio sets, 57 high-power amplifiers, 57 low-noise amplifier diplexers, and 62 receiver transmitters, and delivery is due May 2015.
- Lockheed Martin won a sole-source, firm-fixed-price contract to supply the U.S. Navy with up to $8 million worth of radar data processors by Feb. 28, 2017.
The article Pentagon Awards $305 Million in Defense Contracts Monday originally appeared on Fool.com.Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Electric and Lockheed Martin. 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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