Pentagon Awards $1.38 Billion in Defense Contracts Friday

The Department of Defense announced 14 new defense contracts worth $1.38 billion in aggregate on Friday. Among the publicly traded companies winning contracts:

  • L-3 Communications was awarded an option exercise worth $96.4 million for work on the P-3, EP-3 and NP-3 Sustainment Modification and Installation program. L-3 will be asked to perform maintenance and structural replacement and fabrication work on special structural inspection kits, center wing assemblies, zone five kits, and outer wing installations and refurbishments for U.S. Navy P-3 Orion aircraft and their variants through September 2014.
  • ExxonMobil was awarded a contract modification instructing it to supply the U.S. Navy with up to $29.3 million worth of distillate fuel through Dec. 31, 2013. A similar modification, of the same value, was announced for Exxon on Thursday as well.
  • Raytheon was awarded an $18.8 million contract modification instructing it to perform repairs on U.S. Air Force High-speed Anti-Radiation Missile (HARM) Targeting System (HTS) pods in the period running from Dec. 1, 2013, through Nov. 30, 2014.
  • And Lockheed Martin won a $17.6 million firm-fixed-price contract to provide life cycle launcher support for U.S. Army Multiple Launch Rocket System (MLRS) High Mobility Artillery Rocket System (HIMARS) Launcher Modules and launcher fire control systems through June 30, 2014.

The article Pentagon Awards $1.38 Billion in Defense Contracts Friday originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of L-3 Communications Holdings, Lockheed Martin, and Raytheon. 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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