The Department of Defense awarded eight contracts on Wednesday worth just under $956 million in combined value. Three of them went to subsidiaries of non-U.S. firms, specifically:

  • QinetiQ North America, which was awarded a $20.4 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract for to provide post-production support for MK 2 man-transportable robotic systems (MTRS) to be used in bomb disposal work. The MTRS MK2 -- also known as the "Talon" robot -- is a rival to the U.S. company iRobot's PackBot bomb disposal robot. QinetiQ won a similar contract for Talon IV robots earlier this month.
  • BAE Systems Hawaii won a $16 million contract modification expanding the scope of repairs to be conducted on the Navy guided missile destroyer USS Chafee (DDG 90). BAE will be working on this contract through February 2014.
  • Finally, a second BAE subsidiary, this time San Diego Ship Repair, won a $7.5 million contract modification to perform upgrades on the landing ship dock USS Rushmore (LSD 47). This work should be complete by November 2013. 

The article U.K. Defense Firms Win 3 Pentagon Contracts originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends iRobot . 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Investing Like Warren Buffett

Learn from one of the world's best investors.

View Course »

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

Add a Comment

*0 / 3000 Character Maximum