Pentagon Awards $218 Million in Defense Contracts Thursday

Boeing, BAE, Raytheon, Booz Allen, and SAIC all win work.

Feb 27, 2014 at 6:54PM

The Department of Defense awarded only 12 defense contracts Thursday, worth a total of $218 million. Publicly traded companies winning contracts included:

  • Boeing (NYSE:BA), which was awarded a $49.8 million contract modification instructing it to supply the U.S. Air Force with 3,500 Precision Laser Guidance Set units, or PLGSes, at full-rate production, plus 5,000 kits to convert the PLGS units from the DSU-38/B laser seeker configuration to the DSU-38A/B configuration for the U.S. Air Force. Deliveries should be completed by February 2016.
  • BAE Systems (NASDAQOTH:BAESY), which was awarded a $21.4 million contract modification to perform additional maintenance, transportation, and supply work for the U.S. Army in the Hawaiian Islands through Feb. 28, 2015.
  • Raytheon (NYSE:RTN), which was awarded a $6.6 million contract modification to perform unspecified "services" on the improved target acquisition system for Tube-Launched, Optically Tracked, Wireless Guided Missile Systems. This contract runs through Dec. 30.
  • A group of four consulting companies -- including publicly traded Booz Allen Hamilton (NYSE:BAH) and SAIC (NYSE:SAI) and two private firms -- which were jointly awarded option exercises on an underlying contract to perform management, organizational, and business improvement services, financial and business solutions, and human resources services for the U.S. Navy's Naval Air Systems Command Corporate Operations and Comptroller offices through February 2015. The total value of these options, which the four companies will bid against each other to perform, is not to exceed $17.7 million.

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