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: Textron Bell Rings the Register for $55 Million

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.

Textron has more money, but Booz will make you happier
The work week started slow at the Pentagon, with DoD contractors netting only $172 million in contracts Monday. The three largest contracts awarded to publicly-traded companies, in reverse order, were:

  • $55.6 million — to Textron (NYSE:TXT), to provide technical advice and maintenance and logistics support on Bell helicopters operated by the Iraqi military.
  • $29.9 million — to Jacobs Engineering (NYSE:JEC), to provide project management, engineering services, and technical support to the U.S. Army Corps of Engineers working at the New Bedford Harbor Superfund Site in New Bedford, Mass.
  • and $12.4 million — another foreign military sales contract, this one going to Booz Allen Hamilton (NYSE:BAH), which will provide training and engineering, technical and management support to the Royal Saudi Naval Forces.

Insider trading notes
From an insider transactions perspective, it’s the last of these companies that looks most interesting. Whereas SEC Form 4 filings show more insider sales than purchases at Textron — and many more at Jacobs Engineering — over the past three months, at Booz Allen the opposite is true.

Nine insider purchases have been reported to the SEC over the past three months by Booz insiders, versus just eight insider sales. Perhaps more importantly, insiders have bought nearly twice as many Booz shares as (other) insiders have sold, with total insider purchases net of sales standing at 51,600 shares over the past 90 days.


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.