January 2, 2013
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.