Pentagon Awards $785.6 Million in Defense Contracts

Lockheed Martin and Henry Schein are the only two publicly traded companies winning contracts Tuesday.

Apr 9, 2014 at 9:37AM

The Department of Defense awarded 11 defense contracts Tuesday, worth $785.6 million altogether. The biggest winner of the day was Austria's Rosenbauer International, whose Rosenbauer America subsidiary won a contract to supply the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with up to $382.5 million worth of commercial type fire and emergency vehicles through April 7, 2019.

Among U.S.-listed, publicly traded companies, only two firms came away with contracts. Lockheed Martin (NYSE:LMT) was the biggest winner, taking home two awards:

  • A $45.3 million contract modification funding the supply of Aegis Weapon System MK 7 equipment sets for the U.S. Navy through September 2021.
  • A $9.4 million cost-plus-fixed-fee contract to develop an "affordable, rugged, set-and-start" ground-based wind profiler that can precisely measure wind speeds and vectors to assist in precision air drops to troops at forward operating bases. When complete, Lockheed's equipment should permit Air Force planes to air drop resupply parachutes within 50 meters of their target points. This project is expected to be complete by Oct. 16, 2015.

Henry Schein (NASDAQ:HSIC) was the other publicly traded company awarded funds, receiving the final of four possible one-year-long option exercises on a contract to supply the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with up to $26.6 million worth of various laboratory supplies through April 25, 2015.


Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. 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.

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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