Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

Pentagon Wants Drones, But First... an Upgrade to Windows 7

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The Department of Defense awarded more than $562 million worth of contracts on Wednesday. Publicly traded companies receiving contracts included:

  • Eaton Corporation (NYSE: ETN  ) , which was awarded a maximum $12 million firm-fixed-price, sole-source contract to supply various oil nozzles and parts to the U.S. Army, Navy, Air Force, and Marine Corps with a May 22, 2015, performance completion date.
     
  • Elbit Systems (NASDAQ: ESLT  ) subsidiary M7 Aerospace, awarded a $15.2 million option extension on a previously awarded firm-fixed-price contract for logistics support for 12 Navy/Marines UC-35 and seven Navy C-26 transport aircraft through May 2014.
     
  • Northrop Grumman (NYSE: NOC  ) , winner of a $15.3 million modification to a previously awarded cost-plus-award-fee contract funding continued systems development and demonstrations of the MQ-4C Triton Unmanned Aircraft System. This is the same drone that the Royal Australian Air Force recently expressed interest in acquiring.

Curiously, the DOD clarified that the actual purpose of the latter contract is not so much to perform work on the new drone per se but rather to pay for an upgrade of software being used in the project -- from Microsoft's (NASDAQ: MSFT  ) Windows XP operating system to Windows 7.


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2448378, ~/Articles/ArticleHandler.aspx, 8/2/2015 12:32:10 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated 1 day ago Sponsored by:
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASD 5,128.28 -0.50 -0.01%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/31/2015 3:59 PM
ESLT $82.36 Down -0.09 -0.11%
Elbit Systems Ltd.… CAPS Rating: *****
ETN $60.58 Down -0.50 -0.82%
Eaton Corp CAPS Rating: ****
MSFT $46.70 Down -0.18 -0.38%
Microsoft CAPS Rating: ***
NOC $173.01 Down -2.40 -1.37%
Northrop Grumman C… CAPS Rating: *****

Advertisement