It's time to start future-proofing any space stocks in your portfolio. "Smaller, faster, cheaper" may be a better way to invest.
Lockheed Martin is still building a new missile defense system, but events may overtake it.
The Patriot system is one of an array of sophisticated air defense units supplied by the West to help Ukraine, as it continues its defense against Russia's invasion. Lockheed is manufacturing the newest version of the interceptors that arm the Patriot, known as PAC-3 MSE, which cost about $4 million each, according to Army budget documents.