7 Stocks for the Drought of 2014

Companies servicing water, fire and farming industries may profit

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7 Stocks for the Drought of 2014

Firefighting Equipment

 7 Stocks for the Drought of 2014The federal government just announced that it will allot $3.9 billion to California to fight wildfires in 2014. Some of that may very well go to: Erickson Air-Crane (EAC), the builder of Aircrane helicopters with 2,650-gallon fire suppression systems and detachable water tanks. It just entered into a multi-year $60 million contract with National Aerial Fighfighting Centre in Australia, another continent under fire. It is also the largest provider of heavy heli-tanker aircraft to the U.S. Forest Service. In Sept. 2013, Air-Crane signed a $5.6 million contract to manufacture fabricated aircraft assemblies for a unit of United Technologies (UTX). Prior to that EAC entered into a five-year agreement with Los Angeles County, valued annually at $2.7 million.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/stocks-drought-of-2014-lnn-utx-vmi-awr/.

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