Raytheon Company (RTN), Lockheed Martin Corporation (LMT): Pentagon Pinches Pennies

So let’s turn our attention now to Congress, where the Defense Security Cooperation Agency has filed two notifications in the past five days, regarding foreign military sales contracts that may soon be concluded. The biggest request by dollar value this past week came on Tuesday, when DSCA sought a Congressional OK for the sale of $1.2 billion worth of Mark V patrol boats to the Saudi Arabian military. No primary contractor was named in that notice, however.

As a result, it seems United Technologies Corporation (NYSE:UTX) is the bigger opportunity here. DSCA is seeking permission from Congress to sell Greece $250 million worth of engine spare parts for its F-16 fleet. The parts will be used to maintain the UTC-built F100-PW-229 engines that power the fleet.

Lockheed Martin F-16. Source: Wikimedia Commons.

Mine you, no contract has yet been signed on this deal. It hasn’t been officially announced yet, and most investors aren’t factoring it into their valuations of United Tech. No one knows about it — except that now, you do.

The article Pentagon Pinches Pennies originally appeared on Fool.com and is written by Rich Smith.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin, Northrop Grumman, and Raytheon.

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