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

In today's edition, Brendan and Austin discuss recent news on the biggest defense contract ever, the F-35 stealth fighter. Some countries have been wavering on their F-35 orders, while others have been solidly committed to the fighter. Lockheed Martin is the main contractor on the project, but there are certainly many other companies that have their hand in this contract. Which company in this space is best positioned to ride out the defense cuts and emerge as a great long-term play?

Austin Smith and Brendan Byrnes have no positions in the stocks mentioned above. The Motley Fool owns shares of General Dynamics, Lockheed Martin, and Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.