A Defense Sector Tailwind Helped By US-China Tensions Isn''t Immune To Supply Chain Hangups
A Defense Sector Tailwind Helped By US-China Tensions Isn''t Immune To Supply Chain Hangups "It''s all a god damn fake, man. It''s like Lenin said: you look for the person who will benefit, and, uh, uh, you know…" - The Dude, The Big Lebowski When looking for those who will benefit from rising tensions between the U.S. and China, look no further than defense contractors like Lockheed, Boeing and Raytheon. They will continued to stand to benefit...that is, assuming they can get the parts they need to manufacture. According to a new report from Nikkei, the firms are scrambling to try and meet demand from a slew of new orders that are arising due to the heightened tensions. For example, Japan purchased 150 air-to-air missiles that can be loaded on its F-35 fighters from Raytheon Technologies, the report notes. The deal totalled $293 million. Singapore bought laser-guided bombs and other munitions from the U.S. for $630 million on the very same day, the report notes. Australia was also given the approval to buy 80 air-to-surface missiles from Lockheed Martin just days prior.
A Defense Sector Tailwind Helped By US-China Tensions Isn''t Immune To Supply Chain Hangups
A Defense Sector Tailwind Helped By US-China Tensions Isn''t Immune To Supply Chain Hangups "It''s all a god damn fake, man. It''s like Lenin said: you look for the person who will benefit, and, uh, uh, you know…" - The Dude, The Big Lebowski When looking for those who will benefit from rising tensions between the U.S. and China, look no further than defense contractors like Lockheed, Boeing and Raytheon. They will continued to stand to benefit...that is, assuming they can get the parts they need to manufacture. According to a new report from Nikkei, the firms are scrambling to try and meet demand from a slew of new orders that are arising due to the heightened tensions. For example, Japan purchased 150 air-to-air missiles that can be loaded on its F-35 fighters from Raytheon Technologies, the report notes. The deal totalled $293 million. Singapore bought laser-guided bombs and other munitions from the U.S. for $630 million on the very same day, the report notes. Australia was also given the approval to buy 80 air-to-surface missiles from Lockheed Martin just days prior.