The Pentagon Just Awarded $116.5 Million Worth Of Defense Contracts
The Department of Defense awarded nine new defense contracts Tuesday, worth $116.5 million in total.
The largest of these contracts went to privately-held defense contractor General Atomics Aeronautical Systems, which was awarded a sole-source, firm-fixed-price contract worth $43.3 million to supply the U.S. Air Force with field retrofit kits for work on MQ-9 Reaper unmanned aerial vehicles by July 5, 2017.
Only one publicly-traded defense contractor -- Exelis Inc (NYSE: XLS) -- benefited from the remaining awards.
But it won four of them, all related to space-monitoring radar systems operated by the U.S. Air Force.
Specifically, it received:
- A $9 million contract modification related to the sustainment of the Globus II space radar system through December 31, 2015.
- An $8.4 million contract modification to perform system sustainment on the C-6 space radar system, also running through December 31, 2015.
- $8.1 million in contract modification funding for sustainment work on the Air Force's Distributed Space Command and Control-Dahlgren system (through December 31, 2015).
- And finally, a $7.4 million contract modification for the sustainment of Ground-Based Electro-Optical Deep Space Surveillance (GEODSS) weapons systems. This one, too, runs through December 31, 2015.
Image credit: Patrick Neil, Wikimedia
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