Pentagon Awards $2.2 Billion in Defense Contracts Thursday

Accenture, Airbus, Textron, and Rockwell Collins all take home new awards.

Jun 27, 2014 at 1:32PM

The Department of Defense awarded 17 defense contracts in its Thursday evening announcement of contract awards, released after stock markets closed for the day. The total value of contracts awarded was $2.20 billion.

Among the publicly traded defense companies winning contracts:

  • Accenture (NYSE:ACN) was awarded a $42.4 million option exercise extending the duration of a firm-fixed-price, multi-year contract to install a "general fund enterprise business system" for the U.S. Army. This contract now runs through June 27, 2015.
  • Airbus's (NASDAQOTH:EADSY) EADS-NA subsidiary was awarded a $14.4 million option exercise to perform logistics work relating to U.S. Army UH-72A Lakota utility helicopters through May 15, 2015.
  • Rockwell Collins (NYSE:COL) was awarded a $7.7 million option exercise to supply the U.S. Navy with AN/ARC-210(V) Electronic Radios and ancillary equipment for use aboard a variety of aircraft, with a May 2016 delivery date. 
  • Bell Helicopter Textron (NYSE:TXT) was awarded two separate contracts. Both are described as supplying U.S. Navy locations in Texas with unspecified "aircraft blade assemblies." Both are described as having Aug. 31, 2017 deadlines for completion. The only difference between the two contracts is that one states a maximum value of $8.1 million, and the other is for up to $7.9 million worth of such assemblies -- making for a total maximum value of $16 million.

Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Accenture. The Motley Fool owns shares of Textron. 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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