The Air Force Doesn't Want Lockheed Martin's New Stealth Drone -- but Lockheed Is Building 5 of Them Anyway
More than a decade ago, Textron made a big mistake building a Scorpion fighter jet on spec. Is Lockheed Martin making the same mistake?
Overview
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.
Details
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.
Source
Originally published at www.fool.com.
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