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Business, Finance, Occupation & Industry

Beechcraft Takes Appeal of Contract to Court

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By Rich Smith, The Motley Fool

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The contract to pick a company to build a squadron of prop-driven fighter planes for the Afghan air force remains a source of conflict.

On Wednesday, privately held Beechcraft Defense Co. filed a complaint with the United States Federal Claims Court contesting a U.S. Air Force decision to go ahead with the awarding of a contract to rivals Sierra Nevada Corp. and Embraer while Beechcraft has an appeal pending with the Government Accountability Office (GAO).

The matter is a bit complicated. Two years ago, Sierra Nevada and Embraer (SN-E) won a $1 billion contract to build 20 Super Tucano fighters for Afghanistan. Beechcraft, then known as Hawker Beechcraft, challenged the award, forcing the Pentagon to rebid the contract.

Last month, SN-E won the rebid as well. Beechcraft again challenged this decision, but the Pentagon promptly quashed this challenge, citing “unusual and compelling circumstances” that demanded quick fulfillment of the contract to equip Afghanistan with much-needed air power.

Beechcraft then took the matter to court with this week’s action. According to a company statement, Beechcraft is contesting the Air Force‘s lifting the stay of performance on the Light Air Support contract while the GAO continues to review Beechcraft’s protest. The company said it expects a GAO ruling within 90 days.

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The article Beechcraft Takes Appeal of Contract to Court originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Embraer-Empresa Brasileira. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Business, Finance, Occupation & Industry

Pentagon Awards $45.5 Million in Miscellaneous Defense Contracts

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By Rich Smith, The Motley Fool

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On Friday, the Department of Defense announced a number of smallish (in defense industry terms) contracts awarded to several publicly traded companies.

  • The largest award went to gas and electric utility Integrys Energy , which won a fixed-price with economic-price-adjustment contract for the direct supply of a maximum of $14.9 million worth of “pipeline quality natural gas” to Army, Navy, Marine Corps, Coast Guard, and federal civilian agency customers in the northeast region. This contract runs through March 31, 2015.
  • L-3 Communications was awarded a $12.4 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract to supply spare parts for AN/PVS-15, AN/PVS-18, and AN/PVS-31 model night vision goggles. This contract funds delivery of goggles as ordered through March 2018.
  • The Air Force awarded privately held Sierra Nevada Corp. a $10.1 million cost-plus-fixed-fee contract for work on operational systems for “the functional development model.” The contract notification contains no more details than this. It is unclear whether the contract has anything to do with the disputed Sierra Nevada/Embraer contract to supply the Air Force with Super Tucano fighter planes for use by the Afghan Air Force.
  • Last, smallest, and most mysterious, Science Applications International won an $8.1 million cost-plus-fixed-fee contract to perform work for the Defense Advanced Research Projects Agency. What kind of work remains a mystery, however, because as the DOD contract specifies: “this effort is classified.”

The article Pentagon Awards $45.5 Million in Miscellaneous Defense Contracts originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Embraer and owns shares of L-3 Communications Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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