LONDON, U.K. — Western defense companies have been riding high since Russia launched its full-scale invasion of Ukraine two years ago, and a proliferation of geopolitical threats is likely to keep the industry booming despite doubts about further US military aid for Kyiv.
Since February 23, 2022, the day before Moscow began bombing several Ukrainian cities, the stocks of five of the top US and European defense contractors have all risen. The companies — Europe’s BAE Systems, Thales and Rheinmetall, and Lockheed Martin (LMT) and Northrop Grumman (NOC) in the United States — have all either provided weapons for the battlefield in Ukraine or signed agreements to do so.
Governments have donated ammunition, tanks, and fighter jets to Ukraine, are replenishing their own depleted stockpiles, and have committed billions more to their defense budgets.
Canada and the European members of the North Atlantic Treaty Organization, which make up the bulk of NATO’s membership, spent 11% more on defense in 2023 than the previous year. That’s an “unprecedented rise,” according to NATO chief Jens Stoltenberg. The military alliance […]
Arms is one of the most profitable business.
Wow, that’s where you’re at? Support war, it’s good for jobs. When did the left become the war party. Neocons got to both parties. Sad state.
Donny — How could you possible think I am pro-war, don’t you read me? I simply noted something most people don’t seem to know. Most of the money actually goes to American weapons companies
What to buy one of those armored fighting vehicles seen in the article? Or maybe one of the High Explosive Mortars pictured? No? Can’t really use them, Huh. So, your tax dollars are going to more items that you and the public cannot consume. More food for the war machine. Remember this when you hear the next politician moan about the deficit. You can enjoy the fruits of a healthy republic, or you can support the worldwide Empire. You can’t have both.