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Wars raise profit outlook for US defence industry in 2024

Wars raise profit outlook for US defence industry in 2024

msid 106096407,imgsize 18346 Wars raise profit outlook for US defence industry in 2024

WASHINGTON: When the Pentagon pulled the world’s biggest defence contractors into a meeting to tell them to ramp up production shortly after Russia invaded Ukraine, one CEO hesitated, saying they did not want to be stuck with a warehouse full of rockets when the fighting stopped, according to three people familiar with the discussion.
Nearly two years later, big defence firms are singing a different tune, with several expecting strong demand in 2024 as the US and its allies load up on…


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