On another slow day for Defense Department awards on Friday, Jacobs Technology was one of the few big winners. Landing a $128.4 million indefinite-delivery/indefinite-quantity (IDIQ) contract modification, the Tullahoma, Tenn.-based subsidiary of Jacobs Engineering increased the value of its underlying Pentgaon contract to supply "diverse engineering, technical, and acquisition support services" to a combined $264 billion.
Although this contract is described as involving "foreign military sales," Jacobs will be performing its services for the U.S. Air Force at Eglin Air Force Base in Florida. Work on the newly "optioned" portion of Jacobs' contract is to be completed by April 19, 2014.
The article Jacobs Engineering Lands $128.4 Million Air Force Contract originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.