What Japan's New Naval Power Means for Lockheed Martin
A joint Chinese-Russian flotilla of 10 warships spent much of last week circling Japan's main island before retreating back to Chinese waters. This was the first-ever joint Chinese-Russian naval patrol in the region, and an action CNN warned could "potentially reignit[e] regional tensions."
To confront the implied threat, Japan is looking to add aircraft carriers to its navy for the first time since World War II -- and that could actually be good news for defense contracting giant Lockheed Martin (NYSE: LMT).
Japan Maritime Self-Defense Force multipurpose operation destroyer JS Kaga (DDH 184, far right) taking part in combined operations with Australian, British, and U.S. naval forces in the eastern Indian Ocean in October 2021. Image source: U.S. Navy.
Source Fool.com
