$7.2 Billion More For US Defense
Jeffrey C. Borneman | September 26, 2014
If the deal starts with a "B" (billion), it's probably in Defense. DefenseSystems reports the $7.2 billion contract was awarded last week by the Department of Defense.
"The Army Intelligence and Security Command has awarded a $7.2 billion contract to establish a comprehensive intelligence services support program, according to a Defense Department announcement."
A smorgasbord of both large and small companies were awarded a slice of this "hybrid, indefinite-delivery, indefinite-quantity contract (which) will provide support services for Army intelligence missions," says DefenseSystems.
The purpose of the contract is to "establish an integrated approach to providing support for Army intelligence missions, according to the original solicitation," the Army said.
Investor takeaway: The DEMAND for Defense is much more than hardware (bombs and bullets) and recent geopolitical events are demanding much more military intelligence than anticipated - or addressed - in this year's $601 billion military budget.
If you want to know more about how the MDEF™ Investing strategy is positioned in this, or other geopolitical possibilities, please contact us directly.