Pentagon Awards $534 Million in Defense Contracts
The Department of Defense awarded 13 defense contracts in its Thursday evening announcement of contract awards. The total value of contracts awarded was $534.4 million.
Among the publicly traded companies winning contracts:
- BAE Systems won a $70.1 million contract to supply the U.S. Army with Low-Rate Initial Production of up to 30 tactical signals intelligence payload systems. Engineering support services will also be provided. The estimated completion date for this contract is June 11, 2016.
- Textron subsidiary AAI Corp. was awarded a $22.5 million contract modification funding the acquisition of Sub-ESM 411 Shadow Reliability Technology Refreshments and Changes II, needed to effect various technological improvements to U.S. Army Shadow unmanned aerial vehicles. Work under this contract should be complete by June 12, 2015.
- Armtec Countermeasures Co., which, according to S&P Capital IQ, is a subsidiary of Esterline Technologies , won a three-year, $20.9 million contract to supply airborne chaff anti-missile countermeasures to the U.S. Navy, Marine Corps, and Air Force, and to the governments of Australia and the United Arab Emirates. This contract will run through June 2017.
- Boeing was awarded a $10.2 million delivery order to conduct an engineering change proposal for the fifth and sixth Receiver Channel Wiring on AN/APG-79 Active Electronically Scanned Array Radio Detection and Ranging equipment for the U.S. Navy. This work should be complete by January 2016.
- L-3 Communications won an $8.1 million firm-fixed-price foreign military sales contract to supply 110 ALR-69 Radar Warning Receiver (RWR) legacy system improvement program (LSIP) kits to the Royal Netherlands Air Force, and 90 more LSIP kits to the Royal Norwegian Air Force. Deliveries are due Nov. 30, 2016.
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The article Pentagon Awards $534 Million in Defense Contracts 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 Textron. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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