Pentagon Awards $1.95 Billion in New Contracts

The U.S. Department of Defense announced new defense contracts totaling nearly $1.95 billion in total value Monday. Among the publicly traded companies winning awards:

  • Dell won a $24.9 million indefinite-delivery/indefinite quantity contract to issue the U.S. Air Force Research Laboratory Specialized and Operational Branch 100,000 Hypervisor software licenses "with first year software maintenance included." A hypervisor is used to enable the use of multiple operating systems on a single host computer.
  • Rockwell Collins won a $10.4 million firm-fixed-price, no option, non-multiyear contract to supply anywhere from 160 to 1152 display units for use in Army Blackhawk helicopters.
  • Rolls-Royce was awarded a $9.3 million cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract to provide engineering technical services and contactor field services on engines used aboard Navy AV-8B and E-2C/D Hawkeye airborne early warning aircraft. Work under this contract is expected to be complete by August 2016.
  • Boeing won a $9.3 million firm-fixed-price contract to supply the Defense Logistics Agency, Aviation with an unspecified number of "Electro-ME actuators" through Aug. 26, 2016.
  • And finally, Lockheed Martin won a cost-plus-fixed-fee, no option, non-multiyear contract worth up to $7.3 million to provide engineering services and support for enhanced launcher electronics systems and fire solution computer software and hardware used in the Patriot Advanced Capability-3 (PAC-3) air defense system.

The article Pentagon Awards $1.95 Billion in New Contracts originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of 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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