The Boeing Company (BA), Lockheed Martin Corporation (LMT) – Pentagon Watch: Where Did Your Tax Dollars Go This Week?

One day later, Lockheed Martin Corporation (NYSE:LMT) won four more contracts in quick succession, headlined by a big $308 million award to supply an unspecified number of “tactical missiles” to the government of Kuwait. DoD kept mum on the specific sort of missiles being sold to the Kuwaitis. But further digging reveals that the contract being modified to increase Kuwait’s purchase was actually a sale of Patriot Advanced Capability-3, or PAC-3, anti-aircraft missiles that we originally reported on back in January. DoD confirms that the cumulative value of this contract now exceeds $1.06 billion in revenues for Lockheed Martin Corporation (NYSE:LMT).

Opportunities on the horizon
So far, we’ve talked mainly about defense contracting news that’s already been reported on our site. But what about opportunities for investors that are not yet widely known?

Actually, for investors in Raytheon Company (NYSE:RTN) stock, there may be a couple of those, too. If you think back to January’s PAC-3 contract announcement, for example, Lockheed Martin Corporation (NYSE:LMT)’s big Patriot win was followed in quick succession by a series of three Patriot contract wins for Raytheon Company (NYSE:RTN). All three were classified as “foreign military sales,” and while the destination of the sales was not stated in any of them, I think we can take a wild guess that sand and sun were involved.

Combined, those three sales added up to $117.5 million in new revenues for owners of Raytheon Company (NYSE:RTN) stock. Don’t be surprised if there are more contract wins in store for Raytheon Company (NYSE:RTN) this time, too.

A second bit of good news for owners of Raytheon stock could soon arrive from Down Under. In a little-noticed news item, we learned last week that the U.S. Defense Security Cooperation Agency has notified Congress of a request by Australia to buy 100 MK 54 torpedoes, with which to arm its new force of MH-60R Sikorsky Seahawk helicopters, and The Boeing Company (NYSE:BA) Poseidon P-8A subhunting airplanes. No contract has yet been signed, and it hasn’t been officially announced yet. No one knows about it — except that now, you do.

The article Pentagon Watch: Where Did Your Tax Dollars Go This Week? 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 and Raytheon.

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