Recs

1

Cubic Corp the Big Winner as Pentagon Awards $660 Million in Defense Contracts

The Department of Defense awarded only nine defense contracts in its Wednesday evening announcement of contract awards. The total value of all contracts awarded was $660.2 million, but the vast majority of these funds were awarded through just one contract that went to Cubic Corp (NYSE: CUB  ) .

This indefinite-delivery/indefinite-quantity contract, worth up to $500 million, hires Cubic to conduct J3/7 chemical, biological, radiological, nuclear, and high-yield explosive (CBRNE) exercises, and to perform capability assessments and training and development exercises for the U.S. Defense Threat Reduction Agency through July 2024.

Among the other publicly traded companies winning awards last night:

  • Lockheed Martin (NYSE: LMT  ) won a contract worth up to $40.7 million to produce for the U.S. Navy one multi-mission signal processor equipment set, plus ballistic missile defense 4.0.2 equipment, and Aegis Weapon System upgraded equipment needed to support fielding Aegis modernization for the fleet. Delivery is due March 2016.
  • L-3 Communications (NYSE: LLL  ) was awarded a $14.1 million contract modification to reconfigure and improve the arrangement of Tactical Operational Flight Trainer (TOFT) hardware and software used in training pilots to operate F/A-18E/F Super Hornet and EA-18G Growler aircraft. This work should be completed by June 2016.
  • Telephonics Corp., which S&P Capital IQ lists as a subsidiary of Griffon Corporation (NYSE: GFF  ) , won a $13.2 million contract for work on the U.S. Air Force's Enhanced Mode S-FAA Radar and Enhanced Mode 5 Radar, and for procurement of long-lead material related to these systems. Work under this contract should continue through Nov. 20, 2017.
  • Boeing (NYSE: BA  ) was awarded a $7.7 million contract modification to perform maintenance and remanufacturing work on U.S. Navy F/A18 A-F fighter jets through July 2015.

Take advantage of this little-known tax "loophole"
Recent tax increases have affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3042324, ~/Articles/ArticleHandler.aspx, 8/1/2015 5:45:10 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated 8 hours ago Sponsored by:
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASD 5,128.28 -0.50 -0.01%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/31/2015 4:06 PM
BA $144.17 Up +1.16 +0.81%
The Boeing Company CAPS Rating: ****
CUB $44.37 Down -0.21 -0.47%
Cubic CAPS Rating: **
GFF $17.24 Up +1.21 +7.55%
Griffon Corp CAPS Rating: *****
LLL $115.46 Up +0.71 +0.62%
L-3 Communications… CAPS Rating: ***
LMT $207.10 Up +0.63 +0.31%
Lockheed Martin Co… CAPS Rating: ****

Advertisement