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Thursday, February 20, 2014

Pentagon Awards $358 Million in Defense Contracts Wednesday

USS IndependanceThe Department of Defense awarded only six defense contracts Wednesday, worth a total of $358.2 million. Among the publicly traded companies winning contracts:
  • Britain's BAE Systems was awarded a $15.2 million contract modification funding the purchase of long lead-time materials needed to manufacture propulsors for the Virginia-class nuclear attack submarines SSN 792 and SSN 793. This contract should be completed by February 2015.
  • US Foods, soon to be owned by Sysco, won a sole-source, fixed-price with economic-price-adjustment, bridge contract worth up to $72 million to provide "prime vendor food and beverage support" to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies through Feb. 14, 2015.
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