Pentagon Awards $1.46 Billion in Defense Contracts Friday

General Dynamics, General Electric, Airbus, Kaman, L-3, and Boeing all win contracts.

Mar 28, 2014 at 11:00PM

The Department of Defense worked overtime Friday, awarding 34 separate defense contracts in 24 hours. Valued at $1.46 billion in total, the contracts covered everything from aircraft, to anti-aircraft missiles, food service for servicemen and servicewomen. But among the more traditional "defense contractors" winning work:

  • General Dynamics (NYSE:GD) won a $74.6 million firm-fixed-price contract to develop, design, and deliver to the U.S. Marine Corps 916 Cougar egress upgrade kits for Force Protection-designed Mine-Resistant, Ambush-Protected vehicles (MRAPs). These kits include upgrades to MRAP front doors, rear doors, rear steps, and exhaust systems aimed at increasing the survivability of troops within. Work on this contract should be completed by September 2015.
  • Britain's Airbus was awarded a $34 million contract modification to supply the Royal Thai Army with six Lakota helicopters equipped with environmental control units, mission equipment packages, and airborne radio communication (ARC-231) radios,kk by April 3, 2015.
  • Kaman Corporation (NYSE:KAMN) was awarded a $41.6 million contract modification to produce 10,001 Lot 11 Joint Programmable Fuze systems for the U.S. Air Force by April 2016.
  • General Electric (NYSE:GE) won a $24.9 million firm-fixed-price contract to perform out-of-warranty repairs on F138 engines (used to power C-5A Super Galaxy aircraft) for the U.S. Air Force through March 31, 2016.
  • L-3 Communications (NYSE:LLL) was awarded a $9.7 million contract modification to continue providing tier 1 service desk support to the U.S. Army in the National Capital Region through March 29, 2015.
  • Boeing (NYSE:BA) subsidiary Insitu was awarded $8.4 million firm-fixed-price delivery order to supply the U.S. Marine Corps with hardware (including spare parts) and services necessary to operate, maintain, and support previously procured RQ-21A Blackjack EOC unmanned aircraft systems. Delivery is due December 2014.

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