Lockheed Captures a Key Piece in the UAV Market

Calgary-based CDL Systems may be the most important defense contractor you never heard of. But Lockheed Martin (NYSE: LMT  ) sure knows CDL. In fact, as of a few days ago, Lockheed owns CDL -- and with it, Lockheed bought itself a key piece of the infrastructure that controls unmanned aerial vehicles flown by everyone from Boeing (NYSE: BA  ) to Textron (NYSE: TXT  ) , and from AeroVironment (NASDAQ: AVAV  ) to Northrop Grumman (NYSE: NOC  ) .

Why was Lockheed's CDL purchase such a smart buy? Listen in, as Fool contributor Rich Smith explains.

Lockheed's more than just a pretty face. It's more than just the world's largest pure-play defense contractor. In fact, Lockheed is a pretty generous dividend payer, too. If you're looking for more long-term-investing ideas, let me invite you to read the Fool's brand-new special report: "The 3 Dow Stocks Dividend Investors Need." It's absolutely free, so just click here and get your copy today.


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Related Tickers

7/31/2014 4:01 PM
LMT $166.97 Down -3.21 -1.89%
Lockheed Martin Co… CAPS Rating: ***
AVAV $31.49 Down -1.22 -3.73%
AeroVironment CAPS Rating: *****
BA $120.48 Down -1.81 -1.48%
The Boeing Company CAPS Rating: ***
NOC $123.27 Down -2.58 -2.05%
Northrop Grumman C… CAPS Rating: ****
TXT $36.37 Down -0.51 -1.38%
Textron, Inc. CAPS Rating: ***

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