A two-year boom in U.S. defense spending, fears of threats from North Korea and Iran and continued unrest in the Middle East are keeping longtime defense franchises from major prime contractors profitable. Some, however, are diversifying their options. Here is a look at some of the key companies and the choices they face. Lockheed Martin Targeted Franchises When it comes to taking in annual revenue from the Pentagon, Lockheed Martin leads the pack. Well-known as the contractor behind the ...

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