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Lockheed Martin Wants to Pivot to 5G

TheMotleyFool

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Lockheed Martin Wants to Pivot to 5GPhoto, wide shot, wide-angle lens, Aerospace components, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/3938f51e-9b01-45a9-aed1-ff9d047063fc.png

The new CEO of Lockheed Martin (NYSE: LMT) is interested in pushing the company into 5G networking technology, a potential new avenue for growth for the world's largest pure-play defense contractor.

The idea of networking military equipment is not new, but it has become increasingly cumbersome in part due to U.S. government concerns about Chinese telecom vendors. That could create an opportunity for a U.S. defense company, and Lockheed Martin appears interested in filling that void.

Image source: Getty Images.

Source Fool.com

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