Stock of the United States’ largest defence contractor Lockheed Martin was downgraded to Hold from Buy at Deutsche Bank by 14.5 percent, with a price target of $523
Maybe if there are no competitors. Even as monopolistic as the military aircraft industry is in the U.S., drones open up a lot of space for competition by being vastly cheaper.
Then there’s concern about long-term sales to foreign countries, plus the corresponding parts and maintenance revenues. The F-16 is flown by 25 other countries.
Maybe if there are no competitors. Even as monopolistic as the military aircraft industry is in the U.S., drones open up a lot of space for competition by being vastly cheaper.
Then there’s concern about long-term sales to foreign countries, plus the corresponding parts and maintenance revenues. The F-16 is flown by 25 other countries.