Wednesday, August 30, 2006
Military-Industrial Bonanza of the Day
Five industry teams are competing for a $2.1 billion contract to be awarded next month to help the U.S. Department of Homeland Security beef up security along over 7,500 miles of U.S. borders with Mexico and Canada.
Bidding to tie all the pieces together are U.S. defense contractors, Lockheed Martin Corp., Boeing Co., Northrop Grumman Corp. and Raytheon Co., as well as Sweden's Ericsson.
—Reuters in "Teams vie for U.S. border security contract"
Who knew these companies had such expertise in border control?
Stock tip: It's time to weight your portfolio with defense stocks from all four of the American companies mentioned above. One of them is going to be a sure winner come September 30, and none will suffer.
P.S.: Don't waste your money on the Swedes.
If I were a betting man, I might be inclined toward Boeing. Their "team" includes Unisys and Israel's Elbit, which has developed a camera said to be able to spot people at up to 14 kilometers and vehicles at up to 20 kilometers. With Boeing Israel will get its cut—always a plus come awards day.
Your military-industrial complex at work (2/28/06)