Pentagon Awards $642.8 Million in Defense Contracts

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By Douglas A. McIntyre Updated Published
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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.

ALSO READ: Famous Products Invented by the Military

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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