The Pentagon awarded two major contracts to two different U.S. bellwether aerospace and defense companies - United Technologies' (UTX) - Get Report Pratt & Whitney division, and Lockheed Martin (LMT) - Get Report - to build Air Force jets and missile defense systems, respectively - as well as other military contracts to other U.S. technology, aerospace and defense companies.
In a statement announcing various contracts awarded as of Sept. 30 released on Monday, the U.S. Department of Defense said that Pratt & Whitney has been awarded a $2.2 billion U.S. defense contract for production and delivery of 112 F-135 propulsion systems for the Air Force.
The department also said it has given Lockheed Martin a $495 million Pentagon contract to produce TRIDENT II (D5) missiles and systems.
Other companies receiving Pentagon contracts include Sprint (S) - Get Report , doing business as MetTel, which was has been awarded a $994 million to build out wireless services, as well as Boeing (BA) - Get Report , Northrop Grumman (NOC) - Get Report and L3Harris Technologies (LHX) - Get Report .
Shares of United Technologies were up 0.55% at $137.27 in morning trading on Tuesday. Shares of Lockheed Martin were up 0.3% at $391.24, while shares of Boeing were up 0.43% at $382.17. Shares of Northrop Grumman and L3Harris were also higher.
Sprint was up 0.10% at $6.18.
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