Construction is already under way for the members-only lodge, a sustainable design that has replaced the former log cabin look with a modern, yurtish style that Walker describes as a Star Wars arctic base.
The armored-vehicle unit is somewhat more subject to shocks as overseas wars end, but the installed base of vehicles will need to be maintained and upgraded, providing opportunities even if development of next-generation vehicles is delayed.
Military and political leaders convince themselves they can rely on air power and sea power to fight future wars, and thus neglect the industrial base that makes rapid production of armored systems feasible.
Our Lucasfilm valuation is almost entirely driven by the Star Wars franchise, so any success from other franchises would provide upside to our base case.