SpaceX and Boeing win the Commercial Crew contracts as expected

The spacecraft will be SpaceX's Dragon and Boeing's CST-100 flying on the companies' own launch vehicles Falcon 9 and Atlas V (by ULA - with Lockheed) respectively. 

Sierra Nevada's mini-shuttle atop an Atlas V proposal did not win, but they want to continue to develop it, even without the NASA contract. 

USAtoday.com link:

Worth up to $6.8 billion combined, the contracts include at least one crewed test flight to the station, then two to six operational flights of four-person crews.

"Today we're one step closer to launching our astronauts from U.S. soil on American spacecraft and ending the nation's sole reliance on Russia by 2017."

NASA awarded Boeing significantly more money, up to $4.2 billion compared to $2.6 billion for SpaceX. That apparently reflects the higher cost of Boeing's proposal, as NASA said the proposals covered the same amount of work.

The savings in launch costs already seen in SpaceX even without the reusable program's cost reductions seems to have been translated into commercial crew costs as well.

"Boeing has been part of every American human space flight program, and we're honored that NASA has chosen us to continue that legacy," said John Elbon, Boeing vice president and general manager for Space Exploration, in a statement.
Added SpaceX CEO Elon Musk: "SpaceX is deeply honored by the trust NASA has placed in us. We welcome today's decision and the mission it advances with gratitude and seriousness of purpose."

NASA would not say how many proposals it received or discuss their details, saying it was still debriefing the companies.
The agency would not confirm if the new commercial spacecraft offer a significantly better value per seat than the $70 million NASA is paying for Russian Soyuz spacecraft.

 In a surprise to many, Boeing has partnered with Blue Origin, the startup founded by Amazon.com CEO Jeff Bezos, to develop an engine that could potentially replace the Atlas V's Russian-made main engine, whose continued availability is considered a risk.

Video of announcement:

Information on the spacecraft:

I've already posted about the Dragon one here before (video of reveal with both physical mockup, animations of launch cycle included and Elon Musk - it's really cool!). 

Space.com link - includes videos of both launch vehicle and spacecraft's launch cycle as well as interior/layouts.