Pentagon Awards $287 Million in Contracts Tuesday

The Department of Defense announced the award of nine contracts valued at a combined $286.6 million Tuesday. More than half of that dollar value went to privately owned firms, rather than publicly traded companies. Among the few publicly traded winners yesterday were:

  • Britain's BAE Systems , which won a $29 million DARPA contract to work on developing an "adaptable, integrated human-machine exploitation and resource management system." BAE will work on this project through Jan. 28, 2016.
  • Booz Allen Hamilton , which received a $21.7 million contract modification to support training and education, engineering, financial management, and other programs being run by the U.S. Navy in support of Royal Saudi naval forces under a Saudi naval support program. This contract is expected to conclude on July 31, 2014.
  • General Dynamics , which won a $12 million contract when the U.S. Marine Corps exercised an option to have General Dynamics provide additional logistics support for a ground equipment readiness program through September 2014. 
  • Lockheed Martin's Aculight subsidiary, which was awarded $11.8 million when the Navy exercised an option to have the company fabricate, test, and deliver a spectral beam combined fiber laser subsystem for it. This work should be complete by August 2017.
  • Sysco , which won yet another food and beverage contract, this one for its Hampton Roads unit to deliver a maximum of $32.3 million worth of victuals to Navy, Air Force, and Coast Guard locations in Virginia.

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The article Pentagon Awards $287 Million in Contracts Tuesday originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Sysco. The Motley Fool owns shares of General Dynamics and Lockheed Martin. 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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