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Pentagon Insider: Guess Who Just Won $585 Million in Defense Contracts?

A busy day at the Pentagon saw 17 new defense contracts awarded Wednesday, worth a total of $585 million. Two defense contractors won a pair of contracts each:

– Lockheed Martin (NYSE:LMT), which won $33.3 million to supply 28 “quick engine change assemblies” for Air Force C-130J transports, and a further $20.8 million to support “critical mission operations” for NORAD; and

– Rockwell Collins (NYSE:COL), which will received $40.5 million to supply the Air Force with spare parts and perform repairs on F-15 fighter jets and KC-135 refueling tankers, and also $8.1 million to improve the audio function of radios installed in Navy E-6B Mercury airborne early warning aircraft.


– Booz Allen Hamilton (NYSE:BAH) won a $13.2 million contract to perform IT work in support of the Navy’s Information Dominance Force’s Shore Modernization and Integration Directorate.

– Northrop Grumman (NYSE:NOC) will get $15 million to improve the Army’s the Joint Tactical Ground Station (JTAGS) system.

– And in the day’s biggest contract awarded to a publicly-traded defense contractor, Raytheon (NYSE:RTN) was awarded $87 million in funding to permit it to buy “long-lead materials” needed to construct 17 SM-3 Block IIA surface-to-air interceptor missiles for the U.S. Missile Defense Agency.

Insider trading notes
Insider transactions activity at three of these firms — Lockheed Martin, Rockwell Collins, and Raytheon — is unpromising, being dominated by insider selling over the past three months.

Northrop Grumman seems slightly more propitious. Although insiders have sold 6,073 more shares than they bought over the past three months, the number of insider sales transactions is less than the number of insider purchases.

Most promising of all is Booz Allen Hamilton. As we’ve previously noted, insiders have bought 51,600 more shares than they’ve sold at Booz in the past three months. Additionally, slightly more insider purchase transactions than insider sales have been reported over the past 90 days.


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