Valero Energy Wins $397.4 Mln Defense Department Contract

(RTTNews) - Valero Energy Corp. (VLO | news | PowerRating | PR Charts ) has secured a $397.4 million Defense Logistics Agency contract to supply aviation fuel, the Defense Department said late Monday.

The company, based in San Antonio, Texas, beat out 22 other companies to secure the contract. The date of performance completion for the contract is April 30, 2009.

Shares of Valero have moved higher on the heels of the news, with the crude oil refining and marketing company currently up $1.66 or 3.4 percent at $50.77 on a volume of 3 million shares.

For comments and feedback: contact editorial@rttnews.com Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index