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...
WASHINGTON - 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.
"We've gone from 14,000 rounds per month to 20,000 very quickly. We're working ahead of schedule to accelerate that production capacity up to 85,000, even as high as 100,000 rounds per month," Jason Aiken, General Dynamics' chief financial officer, said on a call with Wall Street analysts on Wednesday.
During his latest request for $106 billion in new funds for Ukraine, Israel, the Indo-Pacific region and border enforcement, U.S. President Joe Biden on Oct. 20 said some of the supplemental request would go to companies that backfill production of U.S. weapons sent abroad. Biden mentioned Patriot missiles made in Arizona, and "artillery shells manufactured in 12 states across the country," naming Pennsylvania, Ohio and Texas.
Lockheed on Oct. 17 said supply and labor disruptions are affecting divisions like aeronautics, which makes the advanced F-35 fighter jet, due to the need for processor assemblies, solid-rocket motors, castings and forgings.Judge Engoron comes this close to accusing Trump of perjury in a written orderJack Smith Asks Court To Jail Trump If He Keeps Yapping About Witnesses
A Ukrainian soldier went to Washington to explain the war. He says American politicians don't realize much of the funding actually stays in the US.
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