The following video is part of our "Motley Fool Conversations" series, in which Austin Smith, consumer goods editor and analyst, and Brendan Byrnes, industrials editor and analyst, discuss topics across the investing world.

In today's edition, they discuss a defense stock has an unusual bit of good news, With looming defense cuts driving these companies downward, it's good to see some positive trends for one of the industry's biggest players.

Austin Smith and Brendan Byrnes own no shares of the companies mentioned here. The Motley Fool owns shares of Raytheon, General Dynamics, Lockheed Martin, and Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.