Pentagon Awards Only $49 Million in Contracts Monday

Starting the week off slow, the U.S. Department of Defense announced only four new contracts Monday, worth a bare $49.2 million in aggregate value. Three publicly traded companies (or companies owned by such) won contracts, namely:

  • ViaSat , which won a $21.7 million firm-fixed-price delivery to supply Multifunctional Information Distribution System-Low Volume Terminals -- i.e., secure radios -- to U.S. Navy, Marine Corps, Air Force, and Army customers, as well as to international customers in Australia, Oman, and Thailand. ViaSat will work on this contract through July 31, 2015.
  • Data Link Solutions, a joint venture between Britain's BAE Systems and America's Rockwell Collins , which was awarded an $11.4 million firm-fixed-price delivery order for the same devices. Data Link's sets will be supplying U.S. armed forces, plus international buyers in Poland, Japan, Australia, UAE, and Saudi Arabia. Like ViaSat's contract, this one should wrap up by July 31, 2015.
  • ERAPSCO, a joint venture between Britain's Undersea Sensor Systems and America's Sparton , which won a $7.2 million option exercise to supply the U.S. Navy with 9,400 AN/SSQ-53F Sonobuoys for use in hunting submarines. Delivery is expected by April 2015. 

The article Pentagon Awards Only $49 Million in Contracts Monday 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.

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