'Business is very good, unfortunately': Arms fair spotlights bonanza year ahead for weapons firms
, received record orders. Lockheed's net sales for the fourth quarter hit $19 billion, roughly 3% above its internal planning and up from $17.7 billion in 2021.
"For sure the Ukrainian conflict forced us to increase our capacities," Christophe Salomon, executive vice president for Land and Air Systems at Thales, told CNBC. His division focuses on radars, missiles, rockets, vehicles and other land systems. France's Caesar self-propelled guns, which have been highly effective in battle for the Ukrainian military, normally take two years to make; the government aims to cut that time in half.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Poland is on a quest to have Europe’s strongest military — with U.S. armsPoland's defense minister hopes to build “the largest land force in Europe,” and Warsaw has been signing billions in weapons contracts with U.S. suppliers.
Read more »
'Big Mistake': Biden Condemns Putin's Suspension Of Arms Treaty With U.S.Putin has said Russia was withdrawing from the treaty because of U.S. support to Ukraine.
Read more »
Biden: Putin's suspension of US arms treaty 'big mistake'WARSAW, Poland (AP) — President Joe Biden said Wednesday that Russian President Vladimir Putin made a 'big mistake” by suspending his country's participation in the the last remaining U.S.-Russia nuclear arms control treaty.
Read more »
Biden: Putin’s suspension of nuclear arms treaty with US ‘big mistake’In his first comments since Putin’s announcement Tuesday, Biden, who is in Poland to meet with NATO’s eastern flank allies, condemned the Russian decision to pull back from the treaty, known as New START.
Read more »
Biden: Putin’s suspension of US arms treaty ‘big mistake’President Joe Biden says Russian President Vladimir Putin made a “big mistake” by suspending his country’s participation in the the last remaining U.S.-Russia nuclear arms control…
Read more »
What happens now after Russia suspends the last nuclear arms treaty with the U.S.?Just before he invaded Ukraine, Russian President Vladimir Putin agreed with other leaders that 'a nuclear war cannot be won and must never be fought.' So why is he eroding a key treaty?
Read more »