$LMT

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