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War in Ukraine a Windfall for Weapons Industry

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Military contractors 'will benefit, and in the short term we could be talking about tens of billions of dollars, which is no small thing, even for these big companies,' said WilliamHartung.

Citing Russian aggression, Germany said Monday that it would purchase up to 35 American Lockheed Martin F-35 fighter jets, a major reversal from its previous plan to revamp its aging fleet with a combination of older, less expensive American- and European-made jets.

"We are proud of the confidence the German Federal Ministry of Defense and Luftwaffe officials have shown in choosing the F-35," Lockheed MartinLess than three full months into 2022, Lockheed Martin's stock has surged by more than 25%, while the share prices of Raytheon, General Dynamics, and Northrop Grumman have also risen by roughly 12%, 14%, and 16%, respectively.

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UK’s Boris Johnson meets with oil industry leaders to discuss energy independence amid Russia-Ukraine warBritish Prime Minister Boris Johnson met with oil and gas industry leaders on Monday to discuss his country’s energy security as it looks to move away from Russian hydrocarbons following Russian President Vladimir Putin’s invasion of Ukraine.
Source: FoxBusiness - 🏆 458. / 53 Read more »