The newest Navy ships, such as the U.S.S. Zumwalt, are really giant electric generators.
The Zumwalt, a 600-foot destroyer, has four diesel generators that make enough electricity to propel the $3 billion, 15,000-ton ship to speeds of 12 knots before using its conventional gas turbine engines.
Here’s how to invest in this cutting-edge defense technology…
The newest Navy ships, such as the U.S.S. Zumwalt, are really giant electric generators.
The Zumwalt, a 600-foot destroyer, has four diesel generators that make enough electricity to propel the $3 billion, 15,000-ton ship to speeds of 12 knots before using its conventional gas turbine engines.
Here’s how to invest in this cutting-edge defense technology…
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To say that I've been fascinated with space technology since I was a little kid is no exaggeration.
See, when I was in the first grade, I met none other than U.S. astronaut John Glenn, the first person to orbit Earth, and a man many will know about as an almost mythic figure in the book and movie The Right Stuff.
I got the honor of meeting America's hero because my dad, a Marine Corps officer, was escorting Glenn on a goodwill tour of our base.
Glenn would go on to become a distinguished U.S. senator and my dad later became the senior military editor of Aviation Week & Space Technology, the bible of the industry.
To this day, my dad and I still regularly discuss breakthroughs in military and space systems.
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After decades of working with defense technology companies, I know the ebb and flow of military spending all too well.
I remember that when the Cold War came to an end, the nation's political leaders were talking enthusiastically about the so-called "peace dividend."
That's Washington-speak for Pentagon budget cuts that always seem to come after a major conflict has ended.
Many investors believe that with our presence in Iraq largely gone, defense firms will offer mediocre returns at best.
I'm not buying into it. I think massive profit opportunities are there. And the market and the government are lining up behind them... Full Story
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