The Department of Defense awarded 14 defense contracts in its Friday evening announcement of contract awards. The total value of contracts awarded was $642.8 million.

Bell Helicopter Textron Inc. (NYSE: TXT) won the day’s biggest award, a $337.8 million contract modification assigning a firm value to a previously awarded advance acquisition contract to build and deliver to the U.S. Marine Corps one dozen Lot 11 new UH-1Y Venom utility helicopters and one dozen new Lot 11 AH-1Z Viper attack helicopters. The modification sets a fixed-price incentive for delivery of the aircraft and establishes a firm fixed price for delivery of the helicopters’ auxiliary fuel kits. Delivery of the helicopters should be completed by June 2017.

ALSO READ: Countries Spending Most on the Military

Lockheed Martin Corp. (NYSE: LMT) was the day’s second-biggest winner, claiming two contract wins:

• A $92.6 million contract modification to perform Aegis Weapon System and Aegis Combat System combat systems engineering, in-country support services, and staging support work for the Japan Maritime Self Defense Force. Lockheed is expected to complete this work by November 2014.
• A $20.5 million option exercise to perform engineering, advanced capability, technical insertion, and integration work on AN/SQQ-89 undersea warfare/anti-submarine warfare combat systems for the U.S. Navy and Japan. The AN/SQQ-89A(V)15 is a surface ship combat system used to search, detect, classify, localize, track, and kill undersea contacts. Work on this contract should be completed by May 2015.

ALSO READ: Famous Products Invented by the Military

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.