Pentagon Awards $492 Million in Defense Contracts Friday

The Department of Defense awarded 18 defense contracts Friday, worth $491.7 million in total. Among the publicly traded companies winning contracts:

  • General Dynamics won a $72.7 million firm-fixed-price contract to supply the U.S. Army with 12 M1A2 System Enhanced Package v2 main battle tanks. Delivery is expected by Dec. 31, 2015.
  • Booz Allen Hamilton won a $16.1 million cost-plus-fixed fee contract to develop, implement, and deploy an integrated personnel and pay system for the U.S. Army by Jan. 31, 2015.
  • Harris was awarded a contract modification worth $13.7 million in payment for exercising an option to have Harris continue providing uninterrupted contractor logistic support for the Space and Missile Systems Center's Space Superiority Operational Offensive Counterspace and Defensive Counterspace ground-based systems, through Jan. 31, 2015.

The article Pentagon Awards $492 Million in Defense Contracts Friday originally appeared on Fool.com.

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

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Introduction to ETFs

The basics of Exchange Traded Funds and why ETFs are hot.

View Course »

Behavioral Finance

Why do investors make the decisions that they do?

View Course »

Add a Comment

*0 / 3000 Character Maximum