The following video is part of our "Motley Fool Conversations" series, in which Brendan Byrnes, industrials editor and analyst, and Andrew Tonner, technology editor and analyst, discuss topics around the investing world.

In today's edition, they discuss how Lockheed Martin's F-35 was recently awarded the contract for Japan's next-generation fighter. Lockheed will sell 42 planes to Japan, which will help the company diversify its business outside the U.S. at a time of looming defense cuts. This could also help Lockheed in its bid to win South Korea's fighter contract.

Brendan Byrnes and Andrew Tonner own no shares of the companies listed above. 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.