Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Pentagon Insider: Lockheed Martin Dominates DoD Contract Awards Friday

For many investors, the U.S. government seems a black box. Taxes go in, spending comes out — but with the exception of the occasional headline-grabbing megacontract, where the spending goes, and how much goes to whom, remains very much a mystery.

But if you look very carefully (and know where to look), you can sometimes get a glimpse at where the money is going. Believe it or not, one of the easiest places to spy on government spending is… the U.S. Pentagon.

A dominant day for Lockheed Martin
The Pentagon wrapped up the workweek with just six new defense contracts awarded Friday — $290 million in total value. With so little money on offer, just one company walked away with more than 60% of the funds on offer: Lockheed Martin (NYSE:LMT).

Specifically, America’s largest pure-play defense contractor won two contracts:

– $153.9 million to procure Surface Electronic Warfare Improvement Program (SEWIP) Block 2 systems that will upgrade Navy AN/SLQ-32(V) electronic warfare systems to improve their anti-ship missile defenses and situational awareness; and

– a smaller, $26.4 million award to upgrade the sonar systems aboard Navy Mk 48 Mod 7 torpedoes (known as the Common Broadband Advanced Sonar System, or CBASS).

The only other publicly-traded U.S. stock winning money from the Pentagon Friday was shoemaker Wolverine World Wide (NYSE:WWW). The Rockford, Mich. company was awarded $39.2 million to supply the U.S. Navy, Air Force, and Coast Guard with an unspecified number of “men’s and women’s leather dress shoes.”

Insider trading notes
Taking a quick look at insider transactions at both these companies, we see little of real significance. While there have been more insider sales than purchases at both firms, and total shares sold outweigh total shares bought at each, honestly, neither firm has seen very active trading — on either the buy or the sell sides — over the past three months.
This $19 trillion industry could destroy the Internet
One bleeding-edge technology is about to put the World Wide Web to bed. And if you act quickly, you could be among the savvy investors who enjoy the profits from this stunning change. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it “transformative”… But you’ll probably just call it “how I made my millions.” Don’t be too late to the party — click here for one stock to own when the Web goes dark.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.