The Air Force Doesn't Want Lockheed Martin's New Stealth Drone -- but Lockheed Is Building 5 of Them Anyway
For Lockheed Martin (NYSE: LMT) , the bad news arrived in June. The U.S. Air Force had just announced contracts to build new "Collaborative Combat Aircraft" -- CCA, the drone warplanes that will fly in support of piloted fighter jets -- naming two companies as winners. Lockheed Martin was neither of them. In fact -- and bad news for defense stock investors -- no publicly traded defense stocks won CCA contracts. Instead, the Pentagon gave its awards to two privately owned companies, Anduril Industries and General Atomics . Continue reading