Pentagon Awards $1.99 Billion in Defense Contracts Friday

TransDigm, Northrop Grumman, and General Electric win awards.

Mar 1, 2014 at 6:15AM

The Department of Defense awarded 30 separate defense contracts Friday, worth a total of $1.99 billion. Among the companies winning contracts:

  • TransDigm (NYSE:TDG) subsidiary Airborne Systems Ltd. was awarded an $18 million firm-fixed-price job order to supply the U.S. Navy with components for the MK 59 Mod 0 Decoy Launch System, or DLS. The MK 59 DLS is a deck-mounted countermeasure system that launches an advanced inflatable radar decoy cartridge to simulate the radar profile of a warship, hopefully confusing hostile anti-ship missiles and sending them off course. Delivery on this job order is due December 2015.
  • Northrop Grumman (NYSE:NOC) was awarded a $15.9 million contract modification to continue supporting the development, maintenance, and sustainment of biometric technologies for the Department of Defense's Automated Biometric Identification System through Feb 28, 2015.
  • Defense contractor General Electric (NYSE:GE) won two contracts. The first, worth $19.8 million to GE subsidiary Datex Ohmeda, exercises the fifth out of nine possible option years on a contract to supply U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with patient monitoring systems, subsystems, accessories, consumables, and spare parts, and to provide training in their use. This contract will now run through at least March 5, 2015. GE's second contact, worth up to $12.8 million, is a firm-fixed-price, sole-source, definite-quantity contract to supply the U.S. Air Force with 10,826 turbine rotor blades by Dec. 31, 2015.

Rich Smith has no position in any stocks mentioned. The Motley Fool recommends TransDigm Group and owns shares of General Electric Company and Northrop Grumman. 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.

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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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