Lockheed Martin makes a bunch of money and at the end, they only have 8%. And that's basically contractually figured out. I think whenever one of these contracts gets bid out, the big defense contractor says, I'm going to slap 8, 9, 10, 11% on top of it. That's exactly why their financial statements look the way they do is because that's exactly how the government decides to fund it.
Today we bring you two absolutely incredible stories. The first is Lockheed’s legendary Skunk Works division — the elite team of aviation geniuses who produced some of the greatest airplanes in history: the U-2, the Stealth Fighter, and the incomparable SR-71 Blackbird. The second story is arguably even more important, but not widely known! It's the secret and true origins of Silicon Valley — and Lockheed’s primary role in it. We take you from WWII to the Cold War, all the way to today to unpack and analyze the industry dynamics of defense contractors in the modern era. Tune in and prepare to be blown away by what you’ll learn about the history of our industry!
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