President Obama just released his 2014 proposed defense budget -- and it's chock-full of nada for investors in the fledgling drone/unmanned aerial vehicle industry. What does the lack of funding for drones portend for such manufacturers as General Atomics, Northrop Grumman (NYSE:NOC), AeroVironment (NASDAQ:AVAV), and Textron (NYSE:TXT)?
Fool contributor Rich Smith lays out all the numbers for you in this video.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends and owns shares of AeroVironment. It also owns shares of Northrop Grumman and Textron. 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.