Investors have lost something of their awe for the U.S. military industrial complex.
In an era when the Pentagon is prioritizing new technologies and opening its doors to Silicon Valley firms, legacy contractors can look a bit stuffy—even if they keep getting tons of cash.—which is $25 billion more than requested by President Biden and will allow procurement plus research and development spending to grow 6% over last year’s budget. This cements the Trump administration’s mammoth increase in military expenditures.
770 billion $. Remember 1 billion is a thousand million . And we are playing catch-up in development of super fast weapons. After all how can the defense industry sell murderous weapons to the world when they are late to the “ party “!
“The rich and poor meet together: the LORD is the maker of them all.” Added more to $RDW. Added Heavily in $PL here near lows.
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