Big Problems for These 2 Contractors?
This video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and technology and media editor/analyst Andrew Tonner discuss topics around the investing world.
In today's edition, Brendan and Andrew discuss some problems for two big defense contractors. Raytheon, the biggest missile maker for the U.S. military, has been struggling to deliver missiles on time and has seen the Air Force withhold more than $600 million because of it. Lockheed Martin is also making news after word leaked that the company's first 63 F-35 figher jets have exceeded their expected cost by $1 billion. Obviously, this is not good news for either of these contractors. Check out the video to see how this affects the two companies, and whether they deserve a spot in your portfolio.
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At the time this article was published Andrew Tonner and Brendan Byrnes have no positions in the stocks mentioned above. The Motley Fool owns shares of Lockheed Martin and Raytheon. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.