Europe's demand for US arms, including drones and missiles, increases as the Russian onslaught against Ukraine threatens the territorial integrity of the continent
European governments have approached the US government and defence contractors with a shopping list of arms including drones, missiles and missile defences as the Russian onslaught against Ukraine drives renewed demand for US weaponry.
Requests are also coming in from other countries in Eastern Europe, where allies are keen to acquire weaponry that Ukraine has successfully used against Russia forces, including anti-aircraft Stinger missiles and anti-tank Javelin missiles. "The Department of Defense is exploring options to support Ukraine's needs, rapidly replenish US inventories and backfill depleted stocks of allies and partners," a senior defence official said.
The potential for a surge in sales of all types of weaponry since the conflict began February 24 has lifted Lockheed stock 8.3 percent and Raytheon shares 3.9 percent.