J&J Wins $63.7 Million in Pentagon Contracts and 2 Other Dow Movers to Watch
Johnson & Johnson (NYSE:JNJ): Current price $87.45
The Defense Department has awarded two contracts to Johnson & Johnson, worth more than $62 billion all told. One is for $42.1 million, when the Department exercises the fifth of seven possible option-year extensions on a contract through which to provide the United States Army, Air Force, Navy, Marine Corps, and federal civilian agencies with “various medical and surgical products.” The other contract, worth $21.6 million, is connected with exercising the fourth of seven possible option-year extensions on a separate contract to supply like products to the same military branches and government agencies.
3M Co. (NYSE:MMM): Current price $120.73
On Wednesday, 3M introduced one of the first LED A19 lamps that is cleared for enclosed fixtures in commercial applications. 3M makes the LED A19 lamps in the United States with domestic and globally sourced components. The new light recreates the bright, even appearance of an incandescent bulb, but uses as much as 80 percent less energy and can last up to 25 years, bringing a potential savings of as much as $140 of electricity during a single bulb’s lifetime. Beyond that, the new A19 LED lamp from 3M has been independently tested and approved for use in a completely enclosed luminaire.
Hewlett-Packard Co. (NYSE:HPQ): Current price $21.24
In a regulatory filing, HP reported that Senior Vice President, Controller, and principal accounting officer Marc Levine resigned on September 18, effective November 1, following 25 years service with the company. Levine came to Hewlett-Packard in 1988 and was appointed to his current position in March of last year, only months after HP acquired Autonomy for $9.7 billion.