Pentagon Awards $2.25 Billion in Defense Contracts Wednesday
The Department of Defense awarded 14 separate defense contracts Wednesday, worth $2.25 billion in total. Among the publicly traded companies winning contracts:
- L-3 Communications won a $58.5 million indefinite-delivery requirements contract to provide logistics services and materials needed for maintenance work on U.S. Navy T45TS jet training systems and T-45 Goshawk jet training aircraft through July.
- Rolls-Royce was awarded a $39.6 million contract modification paying for 26,495 flight hours' worth of maintenance work on V-22 Osprey tiltrotor aircraft, and also for 26 low power MV-22 repairs through February 2015.
- Olin Corp.'s Winchester Division was awarded a $28.7 million option exercise to supply the U.S. Army with an unspecified amount of .50 caliber and 5.56mm ammunition through Sept 30, 2016.
- Raytheon won a cost-plus-fixed-fee contract worth up to $33.7 million to design, fabricate, test, and deliver to the U.S. Air Force a space-flight ready instrument capable of conducting hypertemporal imaging from a geosynchronous earth orbit. Delivery is due January 2017.
- United Technologies was awarded a $10.2 million foreign military sales contract modification to begin acquiring long-lead components, parts, and materials necessary for the Low-Rate Initial Production of eight Lot VIII F135 Conventional Take-Off and Landing propulsion systems for F-35 fighter jets destined for the governments of Japan (six) and Israel (two). Delivery is due September 2016.
The article Pentagon Awards $2.25 Billion in Defense Contracts Wednesday originally appeared on Fool.com.Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of L-3 Communications Holdings and Raytheon Company. 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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