Pentagon Awards $230.4 Million In Contracts To Boeing, General Electric & Others

The Department of Defense announced five separate defense contracts Thursday, worth $230.4 million in total. Every single one went to a publicly traded company -- or one that's likely to become part of a publicly traded company. Specifically:

Lockheed Martin Corporation LMT was awarded a $7.9 million option exercise to produce two Low Cost Conformal Array (LCCA) production units, plus spares. The Pentagon notes: "The LCCA is a passive planar array mounted on the aft submarine sail structure that is integrated with the Acoustic Rapid COTS Insertion AN/BQQ-25 system to provide situational awareness and collision avoidance for improved tactical control in high density environments." Delivery is due January 2017.

General Electric Company GE was awarded a $29 million contract modification whereby it will supply the Navy with six T408-GE-400 test engines for use aboard CH-53K King Stallion cargo helicopters. Deliveries here are likewise due January 2017.

L-3 Communications Holdings, Inc. LLL gets a $60.3 million contract modification to support maintenance of U.S. Army C-12 and RC-12 Huron, and UC-35 Citation fixed wing aircraft through July 31, 2015.

Boeing Co BA won a $60.4 million cost-plus-incentive-fee contract to supply the Navy with six low rate initial production Infrared Search and Track (IRST) systems for use aboard F/A-18E/F Super Hornet fighter jets. Delivery is due August 2017.

And finally, US Foods -- soon to be acquired by SYSCO Corporation SYY -- won the day's biggest award, a fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract to supply up to $72.8 million worth of prime vendor food and beverage support to U.S. Army, Navy, Air Force, and Marine Corps bases through January 28, 2017.

Market News and Data brought to you by Benzinga APIs
Posted In: NewsContractsAerospace & DefenseIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...