World weapons manufacturers increase revenue through military assistance to Ukraine - Reuters
The full -scale invasion of the Russian Federation into Ukraine begins to increase the income of US defense contractors. The US government not only transmits the Armed Forces of the Armed Forces, but also restores its own reserves. Similarly, Europe orders weapons in the states because of fear of further aggression of Moscow.
Lockheed Martin, General Dynamics, RTX (formerly Raytheon) and others expect the orders that they receive from different countries will improve financial results in the next quarters. Among the orders of the Patriot rocket, hundreds of thousands of artillery shells and other weapons samples. At the end of 2022, new contracts were signed for direct supply of weapons to Ukraine or to replenish the US Army reserves.
The management of the three defense enterprises discussed above is already said to be better than all expectations. This is facilitated by the Russo-Ukrainian War and the War in Israel. "We quickly moved from 14,000 artillery shells to a month to 20,000. We are working out to expand production capacity to 85,000 and even to 100,000 shells a month," said Jason Eiken's financial director of General Dynamics. General Dynamics Combat Systems expects an increase in the revenue by 25% compared to 2022.
RTX, which produces in particular and Amraam flights, received orders for $ 3 billion. Expected even more. Another leading manufacturer of Northrop Grumman has a 6% increase in revenue due to high demand for ammunition and missile engines for GMLRS shells. It is these ammunition that have a significant role in the Armed Forces. The publication states that this trend is not only in the US but also in European companies.