Northrop Grumman Wins $300 Million as Pentagon Awards $1.3 Billion in Defense Contracts

Other winners include Britain's BAE Systems, Sysco, URS Corp, and Raytheon.

Jul 21, 2014 at 11:41AM

The Department of Defense awarded 14 defense contracts in its Friday evening announcement of contract awards. The total value of contracts awarded was $1.3 billion.

Among the publicly traded companies winning contracts:

  • Northrop Grumman (NYSE:NOC) won a $300 million indefinite-delivery/indefinite-quantity, cost-plus-incentive-fee contract to provide systems engineering, management, and sustainment services to the U.S. Air Force Weather Agency's enterprise information systems, which produce and disseminate real-time weather services and products worldwide. This five-year contract will run through July 31, 2019.
  • BAE Systems (NASDAQOTH:BAESY) was awarded an $88.3 million contract modification to continue engineering and manufacturing development work on the U.S. Army's M109A7 Paladin self-propelled howitzers, and accompanying M992A3 field artillery ammunition supply vehicles through March 31, 2017.
  • Sysco (NYSE:SYY) won a contract to provide the U.S. Army and Air Force with up to $16.5 million worth of prime vendor food and beverage support through July 13, 2019.
  • URS Corp (NYSE:URS) was awarded the second (of three possible) option periods on a contract to provide the U.S. Defense Logistics Agency with up to $11.8 million worth of services receiving, storing, and issuing unspecified material through July 31, 2015.
  • Raytheon (NYSE:RTN) was awarded an $8.5 million contract modification to conduct integration and testing work on Advanced Medium-Range Air-to-Air Missile (AMRAAM) Production Lot 27 for the Royal Australian Air Force. This modification extends Raytheon's existing contract through June 30, 2016, and raises the total cumulative face value of the contract past $564 million.

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Rich Smith owns shares of Raytheon Company. The Motley Fool recommends Sysco. The Motley Fool owns shares of Northrop Grumman and 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.

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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