Pentagon Awards $340.6 Million in Defense Contracts Monday

Rolls Royce, General Dynamics, L-3, and Booz Allen all win contracts.

Jan 27, 2014 at 8:07PM

The Department of Defense awarded eight new defense contracts Monday, worth $340.6 million in total. More than half of these funds went to one single company -- Britain's Rolls-Royce (NASDAQOTH:RYCEY), which was awarded a $182.6 million firm-fixed-price requirements contract modification to continue performing maintenance work on Air Force C-130J aircraft propulsion systems through Jan. 31, 2015. But there were a handful of smaller winners as well: 

  • General Dynamics (NYSE:GD) was awarded a $23.7 million contract modification funding research and development efforts for the U.S. Air Force's Hardened Materials Research and Survivability Studies Program. Specifically, General Dynamics will be working on hardening aircraft to protect pilots not just from anti-aircraft fire and other material hazards, but from "photonic light and electromagnetic energy" as well. This contract will now run through Jan. 21, 2016.
  • L-3 Communications (NYSE:LLL) was awarded a $13.8 million option exercise to continue performing maintenance on F-16, F-18, H-60, and E-2C aircraft operated by U.S. Navy "adversary squadrons." Adversary squadrons consist of U.S. pilots flying either foreign-built planes or older U.S. planes, and flying them in styles similar to those used by foreign air forces. The unusual "air forces" involved in this training require specialized knowledge in how to maintain their planes. Wednesday's award extends L-3's contract to maintain these planes through October.
  • Booz Allen Hamilton (NYSE:BAH) was awarded $12.5 million task order to support the Navy's office of Program Executive Office Enterprise Information Systems, Naval Enterprise Networks, providing program management, financial management, and administrative support through July.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics and L-3 Communications Holdings. 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.

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