This Week in Defense: Italy's 1st F-35, and Rockets From Raytheonhttp://www.fool.com/investing/general/2013/08/18/this-week-in-defense-italys-1st-f-35-and-rockets-f.aspx Rich Smith
August 18, 2013
The U.S. military has a reputation as a somewhat secretive organization. But in one respect at least, the Pentagon is one of the most "open" of our government agencies. Every day of the week, rain or shine, the Department of Defense tells U.S. taxpayers what contracts it's issued, to whom, and for how much -- all right out in the open on its website.
So what has the Pentagon been up to this week?
DoD is budgeted to spend about $6.2 billion a week on military hardware, infrastructure projects, and supplies in fiscal 2013. (A further $5.6 billion a week goes to pay the salaries and benefits of U.S. servicemen and servicewomen). Lately, however, the generals have been focusing primarily on belt-tightening -- and last week was no exception, with the Pentagon awarding just over $4.04 billion to defense contractors. Among the winners:
Lockheed Martin (NYSE: LMT)
Once these planes are delivered, Italy will become the third international country to have an F-35 in its air force -- the first of 90 that the country is expected to buy. To date, only the U.S. military, and those of the U.K. and Netherlands, have received F-35s.
Raytheon (NYSE: RTN)
Northrop Grumman (NYSE: NOC)
DARPA believes that this transmission frequency in particular -- the sub-millimeter radiation range of 1.03 terahertz -- will be useful in developing "advanced communication and sensor systems" such as new radar systems that can see through clouds "as effectively as today's infrared (IR) sensors operate in clear weather."
General Electric (NYSE: GE)