Pentagon Awards $351 Million in Defense Contracts Wednesday
Aug 14th 2013 6:55PM
Updated Aug 14th 2013 6:56PM
The U.S. Department of Defense announced a total of 21, mostly smallish, new contracts on Wednesday, worth a combined value of $350.8 million. Among others:
- Privately held Hawker Beechcraft won an $18.6 million contract modification to provide "basic life support (BLS) and security" services to the U.S. Air Force in Iraq.
- Erickson Air-Crane subsidiary Evergreen Helicopters won a $6.8 million firm-fixed-price contract to provide search and rescue, med-evac, and passenger and cargo transport services to the U.S. Navy's 5th and 7th Fleets.
- Booz Allen Hamilton won a $12.1 million contract modification to continue providing management and business operations support services to the Space and Naval Warfare Systems Center Atlantic.
Probably the most interesting of the awards, though, was the $10.1 million cost-plus-fixed-fee contract modification that Northrop Grumman from DARPA, the Defense Advanced Research Projects Agency.
Northrop won the funds to continue work on developing "critical device and integration technologies necessary to realize compact, high-performance electronic circuits that operate at a center frequency of 1.03 THz." According to DARPA, the 1.03 THz frequency is important because it will permit development of "a host of DoD electronics capabilities such as advanced communication and sensor systems," including new radar systems capable of seeing through clouds "as effectively as today's infrared (IR) sensors operate in clear weather."
The article Pentagon Awards $351 Million in Defense Contracts Wednesday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman. 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.