Bordered by a turbulent Pakistan and a resurgent China, India doesn’t live in the quietest of neighborhoods. And like many folks who live in a rough neighborhood, India thinks it might rest a bit better at night if it were a bit better armed.
This is good news for two of America’s biggest defense companies, Lockheed Martin (NYSE: LMT) and General Atomics, both of which stand to benefit from a recent spate of weapons buying by the Indian military. Let’s quickly sketch out the developments for you, and then I’ll explain what it means to investors.