Israel's "Iron Dome" missile defense system proved itself best of breed in the recent November conflict between Israel and Hamas. But where does that leave Raytheon (NYSE:RTN), owner of the now second-best Patriot missile defense system? What does it mean going forward for companies like Lockheed Martin (NYSE:LMT), Boeing (NYSE:BA), and Northrop Grumman (NYSE:NOC), all of which are working on laser-based missile defense systems? Listen in, as Fool contributor Rich Smith explains.

Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Lockheed Martin, Northrop Grumman, and Raytheon Company. 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.