Pentagon Awards $338.6 Million in Defense Contracts
The Department of Defense awarded 11 defense contracts in its Wednesday evening announcement of contract awards. The total value of contracts awarded was $338.6 million. Among the publicly traded companies winning contracts:
- Alliant Techsystems was awarded an $83.4 million contract modification paying for full-rate production Lot III advanced anti-radiation guided missiles. These funds will cover the conversion of 110 AGM-88B High-speed Anti-Radiation Missiles to the AGM-88E all-up-round configuration, and also to captive air training missiles. Work under this contract should be complete by December 2016.
- Northrop Grumman won a $40.7 million firm-fixed-price multiyear contract to supply the U.S. Army with up to 94 Small Tactical Radar-Lightweight, or STARLite, Synthetic Aperture Radar/Ground Moving Target Indicator systems through April 22, 2017.
- CDW was awarded $23 million to supply the U.S. Marine Corps with 19,073 general purpose laptops by March 30, 2015, to be used as part of the Corps' next-generation enterprise network computer refresh.
- URS was awarded a $15.8 million option-year exercise to continue providing program support for the U.S. Air Force Air Combat Command's Unmanned Aircraft System Operations Center Support. Support will be provided for the operation of, among other aircraft, the MQ-1 Predator and MQ-9 Reaper. This contract will now extend through June 30, 2015.
- Raytheon was awarded a $12.6 million contract modification funding additional development efforts on the Technology Development Phase of the Next Generation Jammer Program, which will replace the aging ALQ-99 Tactical Jamming System used aboard EA-18G Growler electronic warfare aircraft. This contract will now run through February 2016.
The article Pentagon Awards $338.6 Million in Defense Contracts originally appeared on Fool.com.Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman 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.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.