How much money will the continuation of the war in Ukraine pour into the pockets of Western arms companies?
The revenue statistics for the third quarter of 2023 show that Western arms companies have earned more than they predicted; The increase in income is significantly related to the continuation of the war in Ukraine.
Companies such as Lockheed Martin, General Dynamics, and RTX have all reported better-than-expected figures in their Q3 2023 earnings report.
In his Monday report on the income status of the mentioned companies, Rashatoudi stated that in the next four-month reports, better performance will probably be seen from these companies; A performance that goes back to higher demand from Western countries due to the Ukraine war, as well as the rearmament of Western armies.
To ensure Ukraine’s ability to continue the war with Russia, which began on March 5, 1400, Western armies of NATO members have emptied many of their weapons warehouses, to the point that US President Joe Biden justified sending cluster munitions to Ukraine in July of this year. Ukraine had acknowledged that a lack of other ammunition was a factor in the decision. Biden said that ammunition is important in this war, and the ammunition of the Ukrainians is running out, and “we are also short on ammunition”. So, what I ended up doing was taking the advice of the Ministry of Defense…
According to Rashtavi’s report, Lockheed Martin’s net profit in the last 9 months was $5 billion, compared to $3.8 billion in the same period in 2022, which shows a significant increase. In its third-quarter report, General Dynamics recorded a 25% increase in revenue over the same period last year. RTX reported the same 12% higher revenue in the same period.
Russian officials, who call the conflict with Ukraine not a war, but a special military operation, have repeatedly condemned the sending of Western weapons to Ukraine and said that such an action will only prolong the conflict and at the same time will not make Moscow achieve its military goals. not find Russian officials have considered these conflicts as a proxy action of the United States against their country and stated that the Ukrainians play the role of “balloon fodder” in this war.