Pentagon Awards Nearly 3 Dozen Defense Contracts Friday

Tutor Perini, Honeywell, CACI, SAIC, Triumph Group, and Cubic Corp all win contracts.

Mar 28, 2014 at 11:43PM

The Department of Defense awarded 34 separate defense contracts worth $1.46 billion in total Friday. Among the publicly traded companies winning work:

  • A joint venture between Britain's Mace International and Tutor Perini (NYSE:TPC) subsidiary Black Construction won one of the larger awards, an indefinite-delivery/indefinite-quantity contract for "design-build/design-bid-build" construction projects at the U.S. Navy Support Facility at Diego Garcia, worth up to $95 million. Lasting 60 months' duration, this contract has an expected completion date of March 2019.
  • Honeywell (NYSE:HON) won one of thee indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract to provide life cycle sustainment, integration, acquisition, and technical support for anti-terrorism/force protection Naval Electronic Surveillance Systems. An "as required" contract, this three-year contract may ultimately be worth as much as $43.2 million to Honeywell -- or more, if one or both of the additional one-year option periods are exercised. For now, the expected completion date is March 27, 2017.
  • CACI won one of the other anti-terrorism/force protection contracts. Like Honeywell's, it should wrap up on March 27, 2017, but may be extended. The size of CACI's contract, however, is expected to be slightly smaller -- only $42.4 million.
  • Science Applications International Corp (NYSE:SAI) won a four-month prime vendor bridge modification worth up to $40 million on a contract to continue unspecified "maintenance, repair, and operations" work for the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies through July 31, 2014.
  • Triumph Group (NYSE:TGI) won a firm-fixed-price, indefinite-quantity/indefinite-quantity contract to supply the U.S. Navy with up to $20 million worth of aircraft parts and support through Dec. 31, 2020.
  • Cubic Corp (NYSE:CUB) won a $6.9 million firm-fixed-price, cost-plus-fixed-fee and cost contract to support management of inventory supply chains, spare parts supply, repairs, and other aspects of the U.S. Air Force's P5 Combat Training System (P5CTS) Depot through March 5, 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.

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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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