Defense companies secure record orders
Defense sales at both Lockheed Martin Corp. and Raytheon Technologies Corp. fell last year compared with 2021, according to quarterly results released Tuesday.
Stay updated with breaking news from Jay Malave. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Defense sales at both Lockheed Martin Corp. and Raytheon Technologies Corp. fell last year compared with 2021, according to quarterly results released Tuesday.
The two largest U.S. defense contractors saw a boost in sales as the Pentagon accelerated weapons orders, the companies said Tuesday.
The decision by the entire slate of Democratic Socialists of America (DSA) members of congress to rescind a letter to Joe Biden calling for peace talks with Russia to end the war in Ukraine under pressure from the military-intelligence apparatus is a decision that increases the likelihood of direct conflict between the US and Russia and raises the risk of nuclear war.
It’s the company’s latest move to provide militarized commercial tech to the Pentagon.
Lockheed Martin has reported increase in the net sales to $16.6bn during the third quarter (Q3) of 2022 when compared to $16.0bn in Q3 2021.