Pentagon Awards $1.09 Billion in Defense Contracts Thursday

General Dynamics, Huntington Ingalls, and Boeing win contracts.

Jan 9, 2014 at 8:52PM

The Department of Defense awarded 10 new defense contracts Thursday, worth $1.094 billion in total. One single company, United Technologies, won half the dollar value of the day's contracts with a deal to supply the U.S. Navy with 37 helicopters. But it wasn't the only winner:

  • General Dynamics' (NYSE:GD) Electric Boat subsidiary was awarded a $15 million contract modification funding the acquisition of integrated tube and hull long-lead-time materials needed to build submarines for the Ohio Class Replacement Program. This contract funds purchases benefiting both the U.S. Navy and the British Royal Navy, in equal measure, and will run through November 2016.
  • America's other major military shipbuilder, Huntington Ingalls (NYSE:HII), was awarded a for-now unpriced "contract action" potentially worth up to $8.2 million. These funds will pay for the procurement of spare parts, through September 2015, needed to complete construction of the new nuclear aircraft carrier USS Gerald R. Ford (CVN 78).
  • Boeing (NYSE:BA) won a $7.1 million firm-fixed-price contract to support logistics for the Combat Survivor Evader Locator (CSEL ) program from 2014-2017. This particular contract only funds Boeing's operations through Dec. 31, 2014, however. CSEL is best understood as a survival radio system for downed pilots, providing secure, unjammable radio communication between survivors of a crash and their rescuers, combined with a precise geo-positioning function for locating the survivors so that a combat search-and-rescue team can quickly locate and rescue them.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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