You’ve likely seen kids playing with toy drones at the local park…
The US military also employs drones, but they are different animals. They can glide through the sky at 300 miles/hour, carry 4,000 lbs. of bombs, and cost up to $17 million apiece.
American military power relies on drones these days. In fact, the US Air Force now recruits more drone pilots than actual pilots!
And one little company makes the “brains” of these important machines.
It’s growing faster than any military stock I’ve ever seen. And it’s set to soar as it wins billions of dollars in defense contracts over the next few years.
US Military Pays Hundreds of Billions to Defense Contractors
Do you know how much money the US government paid its top four defense contractors last year?
It paid Lockheed Martin (LMT), Boeing (BA), Raytheon (RTN), and Northrop Grumman (NOC) a staggering $118.1 billion.
For perspective, that’s roughly what internet giant Google (GOOG)—the world’s fourth-largest publicly traded company—raked in last year.
And the companies drinking from this firehose of government money have been great investments. more