Russia has forced the West to ramp up production of older weapons — even gear it wasn't making any more [Business Insider]
Lockheed Martin Corporation (LMT)
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Source: Business Insider
Nations want to aid Ukraine and grow their own arsenals, but experts say too little is being made. Russia's invasion of Ukraine has resulted in a surge in demand, orders, and manufacturing of Western weaponry, including decades-old equipment and even gear that had gone out of production. The invasion has sparked concern across the West that its militaries do not have enough ammunition and equipment if a major power like Russia decides to attack them. And also that some particularly key types of weaponry are in worryingly short supply. Manufacturing has increased, but experts warn it's not enough for Western countries' needs — both for themselves and for what they want to give to Ukraine. Jan Kallberg, a senior fellow at the Center for European Policy Analysis and a fellow at the Army Cyber Institute at West Point, describes weapons orders as having been relatively low. "And suddenly they see a surge in sales, a need, a demand that I would say hasn't been seen since the fo
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LMT
Earnings
- 7/23/24 - Beat
LMT
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- 8/27/24 - Form 8-K
- LMT's page on the SEC website