Finally, Some Good News for This Contractor
The following video is part of our "Motley Fool Conversations" series, in which Brendan Byrnes discusses topics around the investing world.
In today's edition, Brendan discusses some much-needed good news for Lockheed Martin. Norway recently issued a firm order of two F-35s and reaffirmed its commitment to purchase 50 more, at a total cost of $10 billion. The firm order helps Lockheed at a time that countries are starting to consider cuts to the expensive F-35 program. Though the fighter has been hitting its target goals lately, production has been delayed and the program is significantly over budget. It helps Lockheed that more international orders will help cut down the cost per plane and entice other countries to purchase the F-35. Check out the following video for analysis on the F-35 program and a look at whether any defense contractors deserve a spot in your portfolio.
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At the time this article was published Brendan Byrnesowns shares of United Technologies. The Motley Fool owns shares of General Dynamics, Lockheed Martin, and Northrop Grumman. 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.