Pentagon Awards $2.79 Billion in Defense Contracts

Varied field of winners includes Boeing, iRobot, AstraZeneca, Allison Transmission, and Granite Construction.

Apr 16, 2014 at 10:04AM

The Department of Defense awarded 13 defense contracts Tuesday, worth $2.79 billion in combined value. Among the companies winning contracts:

  • Granite Construction (NYSE:GVA) and five other, privately held companies were jointly awarded a construction contract to work on airfield paving and heavy-duty paving projects at various locations within the Naval Facilities Engineering Command Southwest Area Of Responsibility through perhaps April 2019. Initially for a one-year base term, this contract has four potential option years built into it, and a combined five-year estimated value of up to $99 million. Granite will compete with the other five companies to win task orders to perform work up to the maximum dollar value.
  • iRobot (NASDAQ:IRBT) was awarded a $59.2 million contract modification to supply Man Transportable Robotic Systems, plus spare parts, accessories, repair services, training, engineering enhancements, and configuration management, to the U.S. Navy's Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division. Delivery of these bomb disposal robots should be effected by April 2015.
  • Allison Transmission (NYSE:ALSN) was awarded a $51.4 million contract modification to supply the U.S. Army with 99 X1100-3B transmissions to be installed in M1A2 Abrams main battle tanks. Delivery is due Sept. 30, 2015.
  • AstraZeneca (NYSE:AZN) subsidiary MedImmune Biologics was awarded a contract modification worth up to $23.3 million to supply the U.S. Army, Navy, Air Force, and Marine Corps with intranasal influenza vaccine spray through June 26, 2015.
  • Boeing (NYSE:BA) subsidiary Insitu was awarded $10.2 million firm-fixed-price delivery order to perform work including initial fielding, logistics support, program planning, management support, field service support, data reporting, and hardware maintenance on Marine Corps RQ-21A "Blackjack" Unmanned Aircraft Systems through April 2015. 


Rich Smith has no position in any stocks mentioned. The Motley Fool recommends iRobot. 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.

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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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