Pentagon Awards $591 Million in Defense Contracts Friday

Winners include Leidos, Northrop Grumman, and Humvee manufacturer AM General.

Jan 17, 2014 at 7:45PM

The Department of Defense awarded seven new defense contracts Friday, worth $591.3 million in total. One of the bigger awards handed out went to "Humvee" manufacturer AM General, which won a $48 million contract to produce High Mobility Multi-Purpose Wheel Vehicle parts for the U.S. Army. Meanwhile, among publicly traded firms:

Leidos Holdings (NYSE:LDOS) won a $62.5 million indefinite-delivery/indefinite-quantity, cost-plus-incentive-fee contract for Mission Planning and Analysis Common Services, under which it wil perform software engineering, integration, technical support, and training work for the U.S. Air Force through Aug. 9, 2019.

Also, Northrop Grumman (NYSE:NOC) received a $33 million cost-plus-fixed-fee completion job order to design and build "operational test program sets" for use in repairing AN/ALQ 240 electronic warfare equipment aboard Navy P-8A Poseidon subhunting aircraft. This contract should run through September 2019.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman. 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.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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