Pentagon Awards $2.25 Billion in Defense Contracts Wednesday

L-3, Rolls-Royce, Olin Corp, Raytheon, and United Technologies win contracts.

Mar 26, 2014 at 10:22PM

The Department of Defense awarded 14 separate defense contracts Wednesday, worth $2.25 billion in total. Among the publicly traded companies winning contracts:

  • L-3 Communications (NYSE:LLL) won a $58.5 million indefinite-delivery requirements contract to provide logistics services and materials needed for maintenance work on U.S. Navy T45TS jet training systems and T-45 Goshawk jet training aircraft through July.
  • Rolls-Royce (NASDAQOTH:RYCEY) was awarded a $39.6 million contract modification paying for 26,495 flight hours' worth of maintenance work on V-22 Osprey tiltrotor aircraft, and also for 26 low power MV-22 repairs through February 2015.
  • Olin Corp.'s (NYSE:OLN) Winchester Division was awarded a $28.7 million option exercise to supply the U.S. Army with an unspecified amount of .50 caliber and 5.56mm ammunition through Sept 30, 2016.
  • Raytheon (NYSE:RTN) won a cost-plus-fixed-fee contract worth up to $33.7 million to design, fabricate, test, and deliver to the U.S. Air Force a space-flight ready instrument capable of conducting hypertemporal imaging from a geosynchronous earth orbit. Delivery is due January 2017.
  • United Technologies (NYSE:UTX) was awarded a $10.2 million foreign military sales contract modification to begin acquiring long-lead components, parts, and materials necessary for the Low-Rate Initial Production of eight Lot VIII F135 Conventional Take-Off and Landing propulsion systems for F-35 fighter jets destined for the governments of Japan (six) and Israel (two). Delivery is due September 2016.

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