The Air Force Secretly Built Its Next Fighter Jet: Here's What It Means for Defense Stocks

The Air Force just took the wraps off a top-secret prototype of its next-generation fighter plane. The aircraft, which caught Pentagon watchers by surprise, could have significant implications for defense contractors.

Here's what we know about the just-unveiled Next Generation Air Dominance (NGAD) prototype, and why it could usher in a new era for the defense primes who battle each other to win these lucrative fighter orders.

It's been more than two decades since the Air Force debuted a new fighter concept, and Lockheed Martin's (NYSE: LMT) F-35 Joint Strike Fighter, the plane that emerged out of that competition, is only now nearing full production. The F-35 is still considered state-of-the-art, but with technologies constantly changing, the Air Force is always looking for what's next.

Continue reading

Source Fool.com