Congress Asked to Approve $1.1 Billion Arms Sale to Israel

Israel seeks to buy six of the Bell-Boeing Joint Project Office's V-22 Osprey tiltrotor aircraft.

Jan 14, 2014 at 8:43PM

The U.S. Defense Security Cooperation Agency notified Congress Monday of plans to sell the Israeli government a package of V-22B Block C "Osprey" tiltrotor aircraft, plus associated equipment, parts, training, and logistical support. Specifically, the package of military aid requested by the Israelis includes:

  • Six V-22B Block C Ospreys.
  • 16 Rolls Royce AE1107C Engines to power them.
  • Six each of AN/APR-39 Radar Warning Receiver Systems, AN/ALE-47 Countermeasure Dispenser Systems, AN/AAR-47 Missile Warning Systems, AN/APX-123 Identification Friend or Foe Systems, AN/ARN-153 Tactical Airborne Navigation Systems, AN/ARN-147 Very High Frequency Omni-Directional Range Instrument Landing System Beacon Navigation Systems, Multi-Band Radios, AN/APN-194 Radar Altimeters, and AN/ASN-163 Miniature Airborne Global Positioning System Receivers to equip them
  • 36 AN/AVS-9 Night Vision Goggles for the pilots and crew.
  • Computer systems, software, support and test equipment, and other equipment and services needed to operate the planes.

In total, the foreign military sales covered by this notification are valued at approximately $1.13 billion.

DSCA advised Congress that this sale "is vital to U.S. national interests to assist Israel to develop and maintain a strong and ready self-defense capability," and "will enhance and increase the Israel Defense Forces' search and rescue and special operations capabilities."

At the same time, DSCA assured Congress that "there will be no adverse impact on U.S. defense readiness as a result of this proposed sale." Nor will the equipment "alter the basic military balance in the region."

Boeing (NYSE:BA) and Bell Helicopter Textron (NYSE:TXT), which jointly produce the Osprey, will be named as the principal contractors if this sale is permitted to proceed.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Textron. Try any of our Foolish newsletter services free for 30 days. 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.

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.

©1995-2014 The Motley Fool. All rights reserved. | Privacy/Legal Information