Wednesday, September 20, 2023
"Governments worldwide are increasing their budget for defense and security under this heightened geopolitical tensions worldwide. The US government is not an exception. As the largest contractor to the US government, Lockheed Martin is bound to be the biggest beneficiary of the increased defense budget. Given that the company already reached approximately 8% of YoY net sales growth in 2Q23, I believe escalating geopolitical tensions along with easing macroeconomic conditions would allow Lockheed Martin to soon achieve double-digit growth in net sales by the end of the year." So it's no wonder that Lockheed CEO James Taiclet called the most recent hike in the US military budget "as good an outcome as our industry or our company could ask for." There are vast fortunes riding on governments equipping themselves to kill large numbers of human beings.
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