Pentagon Awards $521.9 Million in Defense Contracts

The Department of Defense awarded 15 defense contracts Thursday, worth $521.9 million altogether. Among the publicly traded companies winning work:

  • Jacobs Engineering was awarded a $67 million option exercise to perform additional diverse engineering, technical and acquisition support services for the U.S. Air Force. This work will include a small amount of foreign military sales for the governments of Australia, Bahrain, Belgium, Canada, Chile, the Czech Republic, Denmark, Finland, Germany, Greece, Hungary, Israel, Italy, Japan, Jordon, Kuwait, Malaysia, Morocco, Norway, Oman, Pakistan, Poland, Portugal, the Republic of Korea, Saudi Arabia, Singapore, Sweden, Switzerland, Taiwan, Turkey, the United Arab Emirates, and the United Kingdom. This work is expected to be complete by Oct. 18, 2014.
  • Northrop Grumman was awarded a $25.2 million option exercise to perform Army Knowledge Online Enterprise Services web-based enterprise information services for the U.S. Army through April 12, 2015.
  • Huntington Ingalls was awarded a $7.7 million option exercise to perform engineering and technical-design services in support of research and development on advanced submarine technologies for the U.S. Navy through January 2015.
  • Boeing was awarded a $6.6 million contract modification to supply the U.S. Navy with eight Reconfigurable Transportable Consolidated Automated Support System-Depot (RTCASS-D) conversion kits, with delivery due August 2015.
  • Elbit Systems won a new contract worth up to $12.2 million to supply improved signal data converter to the U.S. Army for use in its helicopters. Delivery is due April 9, 2016.

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The article Pentagon Awards $521.9 Million in Defense Contracts originally appeared on Fool.com.

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