Pentagon Awards $960 Million in Defense Contracts Wednesday

Winners include subsidiaries of L-3 Communications and Italy's Finmeccanica.

Mar 12, 2014 at 8:35PM

The Department of Defense awarded six separate defense contracts Wednesday, worth $960 million in total. Two subsidiaries of publicly traded defense contractors won contracts:

L-3 Communications (NYSE:LLL) subsidiary Interstate Electronics Corp. was awarded an $8.9 million contract modification exercising options on line items to conduct a "new technology refresh" of C-Band Pulse Doppler Radar Transmitters, and to replace Navy Mobile Instrumentation Ship Communication Systems supporting flight tests of Trident II ballistic missiles. Specifically, L-3 will perform system engineering, design, and development work, system testing, verification, and validation, and support logistics and provide full system documentation necessary to support the test flights. All of this work is to be completed by March 15, 2016.

Meanwhile, Italian defense contractor Finmeccanica's (NASDAQOTH:FINMY) subsidiary DRS Technical Services won a $30.3 million hybrid firm-fixed price, cost-plus fixed-fee and cost reimbursable multi-year contract to operate, control, and maintain satellite communications between the continental United States and U.S. Army locations worldwide. DRS will also provide "help desk" and field operations support related to the communications systems. DRS's contract will continue through at least March 11, 2017.

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

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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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