Pentagon Awards $388 Million in Defense Contracts Thursday

General Electric, Textron, and L-3 Communications win awards.

Mar 6, 2014 at 8:54PM

The Department of Defense awarded 16 separate defense contracts Thursday, worth $388.2 million in total. Among the major publicly traded defense contractors winning contracts:

  • General Electric (NYSE:GE) won the day's largest award, a $79.7 million firm-fixed-price contract to repair 20 T-64 engine components used to power U.S. Navy CH-53D/E Sea Stallion and MH-53E Sea Dragon helicopters. GE will also provide manufacturing, engineering, and technical support to the U.S. Navy's Fleet Readiness Center East in Cherry Point, N.C., with the goal of improving monthly output. This contract will run through Sept. 30, 2015.
  • Textron (NYSE:TXT) won a $17.2 million firm-fixed-price, five-year requirements contract to supply the U.S. Air Force with up to 21 ICBM Flight MK 12A Mod 5F midsections over the course of a five-year ordering period running through March 5, 2020.
  • L-3 Communications (NYSE:LLL) was awarded a $6.8 million option exercise to provide the U.S. Navy with Sea Shore Interface Installation, Highly Accelerated Life Test, and integrated logistics services in support of the Navy's Undersea Warfare Training Range, which is located off the coast of Jacksonville, Fla. This work is expected to be completed by May 2019.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Electric Company, L-3 Communications Holdings, and Textron. 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.

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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