Lockheed Martin, 4 Other Companies Win New Pentagon Contracts

Alliant Techsystems, General Dynamics, Northrop Grumman, and Accenture join Lockheed Martin in winning military work.

Jul 3, 2014 at 4:08PM

The Department of Defense awarded 12 separate defense contracts in its Wednesday evening announcement of contract awards. The total value of contracts awarded came to $292.3 million, with Lockheed Martin (NYSE:LMT) claiming the day's biggest contract.

Lockheed Martin won this award, a contract worth up to $200 million, from DARPA -- the Defense Advanced Research Projects Agency -- to perform unspecified work on DARPA's Long Range Anti-Ship Missile, or LRASM, Accelerated Acquisition program.

According to DARPA, LRASM aims to use "autonomous guidance algorithms" to reduce anti-ship missiles' dependence on intelligence, surveillance, and reconnaissance platforms, network links, and GPS navigation, and permit them to penetrate enemy air defenses unassisted. This contract will run through July 6, 2016.

Lockheed Martin was also awarded a smaller $29.6 million contract modification paying it to define the tasks required to update the F-35 Lightning II Joint Strike Fighter to bring it into compliance with informational security functional constraints. Work on this second contract will continue through January 2017.

Among the other publicly traded companies winning contracts:

  • Alliant Techsystems (NYSE:ATK) was awarded a $23 million contract modification to supply the U.S. Army with Low-Rate Initial Production of M829E4 120mm armor-piercing, fin-stabilized, discarding sabot tank rounds, plus tracer cartridges. Delivery is due June 30, 2015.
  • General Dynamics (NYSE:GD) was awarded a $20.2 million contract modification for integration work on the AN/BYG-1 submarine Weapons Control System. This work will be performed on behalf of both the U.S. Navy and the Royal Australian Navy, and should be complete by June 2015.
  • Northrop Grumman (NYSE:NOC) was awarded a $10.8 million contract modification on a foreign military sales contract to provide tactical support of the Counter-Rocket, Artillery, Mortar (C-RAM) Program Office. Specifically, Northrop will be providing engineering, technical, logistics, and other support to U.S. Army forces in Afghanistan through Jan. 2, 2015.
  • Accenture (NYSE:ACN) was awarded an $8.7 million delivery order to support the U.S. Navy's Enterprise Resource Planning efforts through at least June 30, 2015. This contract may be extended by exercise of a one-year option, in which case it will continue in force through June 30, 2016, and increase in value to $17.4 million.

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Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Accenture and Apple. The Motley Fool owns shares of Apple, General Dynamics, Lockheed Martin, and Northrop Grumman. 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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