Military

Pentagon Awards $642.8 Million in Defense Contracts

24/7 Wall St. Staff
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The Department of Defense awarded 14 defense contracts in its Friday evening announcement of contract awards. Several publicly traded companies were among the winners of contracts that totaled $642.8 million.

Among the publicly traded companies winning contracts:

  • Science Applications International Corp. (NYSE: SAI) won a firm-fixed-price, indefinite-delivery/indefinite-quantity, prime vendor bridge contract to perform up to $21 million worth of maintenance, repair, and other work for U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agency customers in the Southwest United States through Sept. 18, 2014.
  • Boeing Co. (NYSE: BA) won firm-fixed-price, sole-source, definite-quantity contract to provide up to $19.4 million worth of unspecified airframe structural support components to the U.S. Air Force through May 31, 2019.
  • Raytheon Co. (NYSE: RTN) was awarded a $10.3 million cost-plus-fixed-fee contract modification to provide engineering support for Phase II of CVN 78 Dual Band Radar testing and evaluation through December 2014.
  • AAR Corp. (NYSE: AIR) won an $8.5 million indefinite- delivery/indefinite- quantity, fixed-price with economic-price-adjustment contract to provide the U.S. Transportation Command with helicopter transport services in the Central Africa Region, including Central Africa Republic, the Democratic Republic of Congo, South Sudan, and Uganda, through April 23, 2015.
  • ManTech International Corp. (NASDAQ: MANT) won an $8.8 million cost-plus-fixed-fee, cost-only contract to provide specific systems operation, sustainment, and support services for the U.S. Navy’s Ship Maintenance and Logistics Information Systems (SMLIS) program, including engineering support for information technology projects, through May 2015. This contract contains options which, if exercised, would extend the contract’s duration and raise the cumulative value of this contract to $39.6 million.

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Read more: Military, SAI, featured, U.S. Department of Defense

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