Editor's note: A previous version of this story included text and an image that incorrectly described the AN/BVY-1 Integrated Submarine Imaging System. The Fool regrets the error.
The U.S. Department of Defense awarded a total of only eight contracts Tuesday, worth $760 million in total. Textron was the big winner today on dollar value, winning a $641 million contract for the production of cluster bomb munitions. In terms of total contracts won, however, the clear winner was Lockheed Martin , which picked up two contracts, and most of a third.
Lockheed's biggest contract win, and the second biggest contract awarded Tuesday, was a $37.3 million contract modification to add funds to a previously awarded contract funding engineering work on the Aegis air-defense platform. Lockheed will be working on this contract through September 2014.
A smaller award, for $10.1 million, funds the purchase of a single AN/BVY-1 Integrated Submarine Imaging System (ISIS) plus associated spare parts, for the U.S. Navy. ISIS is a visual and digital imaging system that is integrated into submarine periscopes.
In total, the Hellfire contract has now risen past $886 million as a result of today's contract modification.
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