Defense spending cuts? What defense spending cuts?
Don't look now, but the United States Department of Defense just signed the biggest arms deal of the year, and potentially the biggest arms deal we'll see all year long. Valued at $11 billion, this is just about the biggest purchase of U.S. weapons systems by a foreign buyer since the monster $90 billion arms sale that the United States negotiated with Saudi Arabia back in 2010.
It promises to add billions of dollars of new revenue, and hundreds of millions of dollars worth of pure profit, to the bottom lines at Boeing (NYSE:BA), Lockheed Martin (NYSE:LMT), and Raytheon (NYSE:RTN). And in the slideshow that follows, we'll tell you all about it.
What they're selling.
Who's selling it.
And how much profit these companies stand to make.
Take a quick click tour of the slides below, and we'll fill you in on all the details. And make sure to catch your chance to claim a special, free report on one of the biggest advances in industrial technology ever to drill the earth.
Rich Smith owns shares of Raytheon. The Motley Fool owns shares of Lockheed Martin and Raytheon. 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.