Pentagon Awards $903 Million in Contracts Monday
Sep 16th 2013 10:06PM
Updated Sep 16th 2013 10:56PM
The Department of Defense issued 25 new contracts on Monday worth a little more than $903 million combined. Among the day's notable awards:
- NCI's Information Systems division won a $53 million contract modification to provide "fielding and logistics services" to the U.S. Army's Program Executive Office Soldier, an office tasked with developing, acquiring, and fielding state-of-the-art equipment for soldiers in the field.
- Science Application International Corp., better known as SAIC , received a $45 million contract modification to perform unspecified "maintenance, repair, and operations" for the Defense Logistics Agency Troop Support in the Southeast Zone 1 region -- specifically, New Jersey -- through March 31, 2014.
- Textron's Bell Helicopter division won an $18.8 million firm-fixed-price contract to supply an unspecified number of main rotor gearbox assemblies to the U.S. Navy by Dec. 31, 2016.
- BAE Systems subsidiary Ordnance Systems was awarded an $8 million contract modification to reactivate magnesium nitration nitric acid unit No. 5 at the Holston Army Ammunition Plant Kingsport, Tenn.
- and Raytheon got a $19 million modification to a foreign military sales contract, in which it will supply 41 improved thermal sight systems to the Saudi Arabian military for use in LAV-25 light armored vehicles.
The article Pentagon Awards $903 Million in Contracts Monday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon and Textron. 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.