Anti-Imperialism/Foreign Policy

Ukraine war orders starting to boost revenues for big US defense contractors

A Ukrainian serviceman fires a self-propelled howitzer towards Russian troops in Donetsk region

A Ukrainian serviceman fires a 2S22 Bohdana self-propelled howitzer towards Russian troops, amid Russia’s attack on Ukraine, at a position in Donetsk region, Ukraine September 13, 2023. Radio Free Europe/Radio Liberty/Serhii Nuzhnenko Acquire Licensing Rights

WASHINGTON, Oct 27 (Reuters) – The Russian invasion of Ukraine in 2022 is starting to boost defense contractors’ revenues, as customers such as the U.S. government restock supplies shipped to Ukraine and countries around Europe arm themselves with an eye on Moscow’s aggressions.

U.S. defense contractors such as Lockheed Martin (LMT.N), General Dynamics (GD.N) and others expect that existing orders for hundreds of thousands of artillery rounds, hundreds of Patriot missile interceptors and a surge in orders for armored vehicles expected in the months ahead will underpin their results in coming quarters.


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