Pentagon Awards $1.88 Billion in Medical Equipment Contracts

Hitachi and Siemens -- but especially Siemens -- are the big winners.

Mar 26, 2014 at 9:44PM

The Department of Defense awarded 14 separate defense contracts Wednesday, worth $2.25 billion in total. Two of the largest awards handed out concerned the supply of medical equipment for the Defense Logistics Agency's Troop Support division.

In the larger of the two awards, Siemens' (NASDAQOTH:SIEGY) Medical Solutions Inc subsidiary was awarded an option year (the fifth of seven possible) worth up to $1.79 billion to supply radiology systems, subsystems, accessories, and parts, plus servicing and repairs for same, to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies through March 30, 2015.

 In the smaller, Hitachi's (NASDAQOTH:HTHIY) Medical Systems America Inc subsidiary was awarded a similar, but smaller contract modification -- again, the fifth of seven possible one-year exercisable options for supplying equipment to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies. Similar to Siemens' award, the contract states that it is for the supply of radiology systems, and also "components, upgrades, accessories, and installation" services. This award has a maximum potential value of $90.2 million and runs through March 29, 2015.

Rich Smith and The Motley Fool have no position in any of the stocks mentioned. 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.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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