"US Defense Contractors Benefit from Ukraine War Orders, Boosting Revenues"

The Russian invasion of Ukraine in 2022 is boosting revenues for big US defense contractors as the US government restocks supplies shipped to Ukraine and European countries arm themselves against Moscow's aggressions. Lockheed Martin, General Dynamics, and RTX have reported better-than-expected results, with existing orders for artillery rounds, Patriot missile interceptors, and armored vehicles expected to underpin their future results. The conflict in Ukraine and Israel's war with Hamas are expected to drive up near-term demand. Other defense companies, such as Northrop Grumman, Saab, and Rheinmetall, are also experiencing increased sales due to strong defense demand. However, supply chain issues and a lack of skilled labor continue to hamper companies' capacity to fill orders.