The U.S. Department of Defense awarded on Wednesday a group of six defense contractors -- three public, three others privately held -- a series of cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contracts to provide management support services to the Deputy Chief of Naval Operations, Communications Networks' (DCNO N6) Warfighting, Manpower, and Business Transformation Initiatives.
Focusing on the publicly traded companies:
- Engility won a $12.6 million contract, with potential "option years" attached, which, if all exercised, could increase its value to $38 million total.
- Booz Allen Hamilton was awarded $15.9 million contract, with similar options that could result in a total potential total value of $48.3 million.
- ManTech International won a $16.2 million contract, which would rise to $49.2 million if all options are exercised.
The base deadline for completion of each of the six contracts, including the three outlined here, is Sept. 29, 2014. Options, if all exercised, could potentially extend one or all of the companies' work through Sept. 29, 2016.
The article Pentagon Awards 6 New Navy Contracts originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of ManTech International. 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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