'Business is very good, unfortunately': Arms fair spotlights bonanza year ahead for weapons companies

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

'Business is very good, unfortunately': Arms fair spotlights bonanza year ahead for weapons firms

, received record orders. Lockheed's net sales for the fourth quarter hit $19 billion, roughly 3% above its internal planning and up from $17.7 billion in 2021.

"For sure the Ukrainian conflict forced us to increase our capacities," Christophe Salomon, executive vice president for Land and Air Systems at Thales, told CNBC. His division focuses on radars, missiles, rockets, vehicles and other land systems. France's Caesar self-propelled guns, which have been highly effective in battle for the Ukrainian military, normally take two years to make; the government aims to cut that time in half.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Pentagon and defense contractors want our proxy war to be an endless bloody quagmire. And we don’t care about the humanitarian nightmare for Ukrainians.

China has just proposed a 12 point peace plan and immediate ceasefire between the Russia and Ukraine. But the US and it's NATO allies won't allow it to happen....why Follow the money as always. Everyone else gets shafted.🤬

Singapore Singapore Latest News, Singapore Singapore Headlines