Pentagon Awards $298.5 Million in Defense Contracts

CACI, Boeing, Raytheon, Rockwell Collins, and BAE Systems all win contracts.

May 5, 2014 at 10:25AM

The Department of Defense awarded 10 defense contracts Friday, worth $298.5 million altogether. Among the publicly traded defense contactors winning contracts:

  • CACI (NYSE:CACI), along with two privately owned defense contractors, won a place in a $32.6 million contract to provide comprehensive program management support, and other services, for the U.S. Navy's Bureau of Naval Personnel-Navy Personnel and Pay Modernization. The three firms winning places in this contract will bid against each other to win specific task orders to do work under this contract through June 30, 2017.
  • Boeing (NYSE:BA) was awarded an order to supply the U.S. Army, Navy, and Air Force with up to $13.5 million worth of unspecified national stock numbers items through June 2014.
  • BAE Systems (NASDAQOTH:BAESY) was awarded an $11.3 million contract modification to perform maintenance and upgrades on the guided missile destroyer USS Bulkeley (DDG 84) through September 2014.
  • Raytheon (NYSE:RTN) won a $10 million cost-plus-fixed-fee, multi-year, foreign military sales contract to provide services, hardware, facilities, equipment, planning, management, technical, and logistical support for testing and failure analysis to be conducted on Patriot Advanced Capability (PAC)-3 missile rounds destined for delivery to foreign military buyers in Israel, Japan, Korea, Kuwait, Saudi Arabia, Taiwan, and the United Arab Emirates. Work on this contract should be complete by Jan 31, 2017.
  • Rockwell Collins (NYSE:COL) was awarded a $6.6 million option exercise to supply dozens of AN/ARC-210(V) radios and related equipment to the U.S. Air Force for installation board a variety of aircraft through December 2014. 

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