“(Defense companies) can’t necessarily count on the kinds of margins that they have had in the past,” Gertler said. “So there are a lot of defense companies adapting to that reality in different ways. Lockheed is being very forward about what they’re doing on the personnel side.”
The shareholders demand more money every month, did someone get addicted to their fat profit margins?
Sales of U.S. military equipment to foreign governments in 2023 rose 16% to a record $238 billion, the U.S. State Department said on Monday, as countries sought to replenish stocks sent to Ukraine and prepare for major conflicts.
The figures underpin expectations of stronger sales for the likes of Lockheed Martin (LMT.N), opens new tab, General Dynamics (GD.N), opens new tab and Northrop Grumman (NOC.N), opens new tab, whose shares are forecast to rise amid rising global instability.
The shareholders demand more money every month, did someone get addicted to their fat profit margins?![did-someone did-someone](https://hexbear.net/pictrs/image/34e71b76-729f-4a34-a1a5-a056377a9ad1.png)
Aka Iraq war gravy train has slowed down
It hasn't though. The US is breaking records in terms of military hardware exports. If anything, the gravy train has sped up.
Got a source on this? Not arguing with you just curious
https://www.reuters.com/business/aerospace-defense/us-arms-exports-hit-record-high-fiscal-2023-2024-01-29/
Makes sense
Being very forward is cutting headcount. Wild