After a busy week, during which the Department of Defense handed out literally dozens of contracts worth a combined $1.9 billion, the generals found their wallets near empty come week-end. By the time Friday rolled around, the Pentagon could only muster up a bare two contracts to award. Here they are:
- Raytheon won a $12.7 million cost-plus-fixed-fee delivery order against a previously issued basic ordering agreement for the development and integration of its AGM-154C-1 Joint Standoff Weapon (JSOW) into the operational flight program software of the Boeing F/A-18E/F fighter jet. Raytheon is expected to complete work on this contract by February 2015.
The JSOW is a Raytheon-designed 1000-lb. "glide bomb." Dropped from a fighter at high altitude, it can travel as far as 78 miles to strike a target, guided en route by GPS signals.
- Harris Corp was awarded a modification to a firm-fixed-price contract requiring it to supply two counter communications system (CCS) Block 10 increment 1 system upgrades by July 25, 2014.
CCS is a land-based system designed by Northrop Grumman, the purpose of which is to jam an enemy's satellite communications.
This article was originally published as Pentagon Funds "Glide Bombs" and Satellite Jammerson Fool.com
Copyright © 2009 The Motley Fool, LLC. All rights reserved.