Pentagon Awards $6.64 Billion in Defense Contracts Thursday

Private, federally-defined small businesses win the majority of the awards.

Mar 27, 2014 at 8:39PM

The Department of Defense awarded 19 separate defense contracts Thursday, worth $6.64 billion in total. The biggest award by far was a $5.79 billion multiple-award, indefinite-delivery/indefinite-quantity (ID/IQ) contract for Network-Centric Solutions-2 (NETCENTS-2) network operations and infrastructure solutions, parceled out to a dozen federally defined small businesses, all privately held defense contractors. But publicly traded companies landed a few contract wins, as well. Among them:

  • Exelis (NYSE:XLS) was awarded a $17.8 million contract modification to continue post-production maintenance support of Joint Service Explosive Ordnance Disposal Counter Radio Controlled Improvised Explosive Device Electronic Warfare (JSEOD CREW) devices aimed at jamming the signals used to detonate roadside IEDs. This contract will now continue in force through March 2015.
  • Cardinal Health (NYSE:CAH) was awarded an option exercise (the second of four possible) worth up to $16.8 million, to continue supplying U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with "various laboratory supplies" through April 12, 2015.
  • United Technologies' (NYSE:UTX) Sikorsky Aircraft Corp division received a $14.9 million cost-plus-fixed-fee delivery order to redesign the cabin on the VH-3D In-Service Presidential Helicopter (aka "Marine One"), aiming to reduce the vehicle's total gross weight so as to improve lift capability. This work should be completed in July 2016.
  • FLIR Systems (NASDAQ:FLIR) subsidiary ICx Technologies was awarded a $12.3 million contract modification to supply the U.S. Army with 12 "dismounted reconnaissance sets, kits, and outfits army configuration systems" by March 25, 2015. 

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