Lately, there's been a lot of talk about drones and their place in safeguarding America. And while there's still controversy surrounding their use, there's no denying that drones are an effective weapon of war -- both for spying, er "observation," and taking out enemy targets. They are so effective, in fact, that a new frontier is opening up to drone warfare -- namely, the sea. For both Raytheon (NYSE: RTN ) and SAIC (NYSE: SAI ) , this is good news.
Unmanned to the rescue
Right now there are an estimated 600 submarines from 43 countries that the Navy is responsible for tracking, according to Defense Advanced Research Projects Agency, or DARPA. Understandably, this isn't the cheapest venture for the Navy, but because of the potential security threat these subs pose, it's essential. Consequently, DARPA, along with Raytheon and SAIC, have teamed up to develop a cost-effective solution -- the Anti-Submarine Warfare Continuous Trail Unmanned Vehicle, or ACTUV.�
Hot Cheapest Companies To Own For 2014: The First of Long Island Corporation(FLIC)
The First of Long Island Corporation operates as a bank holding company for The First National Bank of Long Island that provides various financial services. It offers various deposit products, including checking, money market, savings, escrow service and interest on lawyer, time deposit, NOW, rent security, holiday club, and individual retirement accounts. The company?s loan portfolio consists of commercial and industrial loans; residential and commercial mortgage loans; home equity loans and lines; multifamily loans; construction loans; consumer loans, such as auto and home improvement loans, personal loans, overdraft checking lines, and credit cards; commercial loans, which include short-term business loans, term and installment loans, revolving credit term loans, and loans secured by marketable securities, general business assets, deposits, and surrender value of life insurance policies; and commercial and standby letters of credit. In addition, it provides account rec onciliation, ATM banking, bank by mail, bill payment, cash management, collection, drive-through banking, personal money orders, Internet and telephone banking, merchant credit card depository, lock box, night depository, payroll, remote deposit, securities transactions, signature guarantee, trust and investment management, wire transfers and foreign cables, and withholding tax depository services, as well as offers controlled disbursement accounts, travelers and counter checks, mutual funds, annuities, life insurance and securities, safe deposit boxes, and the U.S. savings bonds. Further, the company provides pension trust, personal trust, estate, and custody services; and insurance agency services, as well as owns a real estate investment trust. It offers its services to privately owned businesses, professionals, consumers, public bodies, and other organizations through its 34 branches primarily in Long Island and Manhattan. The company was founded in 1927 and is based in Glen Head, New York.
Hot Cheapest Companies To Own For 2014: Millenium India Acquisition Company Inc.(SMCG)
Millennium India Acquisition Company Inc. is a close-ended investment company. The firm primarily intends to effect a merger, capital stock exchange, asset acquisition, or other similar transaction with one or more businesses that have operations primarily in India. It seeks to invest in companies operating in the financial services sector, healthcare, infrastructure and consumer, retail, and hospitality sectors. The firm primarily invests in private equity of SMC Group. Millennium India Acquisition Company Inc. was formed on March 15, 2006 and is domiciled in the United States.
Hot Rising Companies To Own For 2014: Northern Dynasty Minerals Ltd(NDM.TO)
Northern Dynasty Minerals Ltd., through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. The company?s principal properties include the Pebble copper-gold-molybdenum deposit and 650 square miles of direct and indirect interests in mineral claims in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd. in October 1997. Northern Dynasty Minerals Ltd was founded in 1983 and is headquartered in Vancouver, Canada.
Hot Cheapest Companies To Own For 2014: La Mancha Resource Com Npv (LMA.TO)
La Mancha Resources Inc., through its subsidiaries, engages in the mining, exploration, and production of gold properties in Africa, Australia, and Argentina. Its principal properties include the Frog�s Leg and White Foil mines located in Western Australia. The company also holds interests in the Ity gold mine located in western C么te d�Ivoire; and the Hassai mine located in northeastern Sudan. La Mancha Resources Inc. was incorporated in 1996 and is headquartered in Montreal, Canada. As of September 10, 2012, La Mancha Resources, Inc. was taken private.
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