The Department of Homeland Security has awarded General Dynamics Corp. a task order to provide support and maintenance services for the DHS Office of Intelligence and Analysis. If all options are exercised, including a first-year option of $11.2 million, the award is potentially worth $71.4 million over 5 years.
Under the task order, awarded under the DHS Enterprise Acquisitions Gateway for Leading Edge Solutions (EAGLE) contract, GD will provide services and support to information assurance, National Security Systems activities, systems engineering, architecture, governance, information assurance, and program management.
The shares of the Falls Church, Virginia-based company hit an all-time high at $86.11 this afternoon, surpassing the current annual high of $85.22.
In related news, shares of other major military contractors such as Lockheed Martin Corp. , United Technologies Corp. and Raytheon Co. have also hit all-time highs in the past week, rallying after Defense Secretary Robert Gates asked the Senate Appropriations Committee for $42 billion to support the troop surge in Iraq.