SAIC, Textron Among Those Getting Pentagon Contracts

Over the past two in-sequester days, the Pentagon has awarded a total of 42 separate contracts to various contractors, worth well over $4 billion in aggregate. Among them:

  • Privately held Marine Hydraulics International won a $7 million contract modification, under which the company will perform maintenance, alterations, and modernizations on the guided missile destroyer USS Cole. Work on the ship should be completed by June 2013.
  • Science Applications International Corp. was awarded a $21.2 million firm-fixed-price contract to perform "preventive and corrective maintenance" on software and equipment used by the Anti-Terrorism Force Protection Ashore Program Systems at 66 military installations worldwide.¬†Initial work on the project should be complete by March of next year, but the contract contains the possibility of up to five one-year options for extension which, if exercised, would increase the contract's value to $74.4 million in aggregate.
  • Alliant Techsystems won a $9.2 million firm-fixed-price contract modification for the company to upgrade the TS-04 control units on its Spider munitions to the TS-09 version. This contract will be complete by Jan. 31, 2014.
  • Computer Sciences Corp subsidiary DynCorp International will be paid $14.2 million on a cost-plus-award-fee incrementally funded contract to extend logistics support services to the U.S. Army's Directorate of Logistics through Sept. 30, 2013.
  • Textron's Marine & Land Systems unit scored a huge win -- a $113.4 million firm-fixed-price contract to supply Mobile Strike Force vehicles to the Afghan National Security Forces. Completion date: Feb. 28, 2014.

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The article SAIC, Textron Among Those Getting Pentagon Contracts originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of 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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