|
Getting your Trinity Audio player ready...
|
Several top defence contractors are expected to reap significant profits due to increased defence spending and ongoing global conflicts.
“The industry is benefiting from a sharp increase in military spending as governments increase their budgets in response to Russia’s full-scale invasion of Ukraine and escalating tensions in the Middle East and Asia,” the Financial Times reported earlier today.
Aerospace and defence companies are forecast to have record levels of free cash flow by 2026. According to an analysis by Vertical Research Partners for the Financial Times, the leading 15 defence contractors are forecast to log free cash flow of $52bn in 2026 – almost double their combined cash flow at the end of 2021.
In Europe, BAE Systems, Rheinmetall and Sweden’s Saab, which have benefited from new contracts for ammunition and missiles, are expected to see combined cash flow jump by more than 40 per cent.
Five top US defence contractors are forecast to generate cash flow of $26bn by the end of 2026, more than double the amount in 2021. Recent aid bills for Ukraine, Taiwan and Israel allocated nearly $13bn for weapons production at America’s five biggest defence groups – Lockheed Martin, RTX, Northrop Grumman, Boeing and General Dynamics – and their suppliers.
In the UK, the Ministry of Defence has committed £7.6bn for military aid to Ukraine over the past three years, including for stockpile replenishment.
The government spending surge has already propelled order books to near-record highs. It typically takes several years for new contracts to translate into higher sales – defence companies book the majority of their sales once weapons are delivered – but the growing cash flows are already prompting debate about how the industry will spend the money.
“It’s the billion-dollar question for the industry: companies typically don’t like holding large amounts of cash on their balance sheets, so what do they do with all that money if acquisitions are not that straightforward? Share buybacks and dividends are one way,” said Robert Stallard, analyst at Vertical Research.
While defence spending is likely to remain strong over the coming years, the recent jump in orders will probably tail off, especially once the war in Ukraine ends.
The above is taken from the article ‘Top defence contractors set to rake in record cash after orders soar’ published by the Financial Times on 26 August 2024. The article is behind a paywall so we have attached a PDF of it below.
The Expose Urgently Needs Your Help…
Can you please help to keep the lights on with The Expose’s honest, reliable, powerful and truthful journalism?
Your Government & Big Tech organisations
try to silence & shut down The Expose.
So we need your help to ensure
we can continue to bring you the
facts the mainstream refuses to.
The government does not fund us
to publish lies and propaganda on their
behalf like the Mainstream Media.
Instead, we rely solely on your support. So
please support us in our efforts to bring
you honest, reliable, investigative journalism
today. It’s secure, quick and easy.
Please choose your preferred method below to show your support.
Categories: Breaking News, World News
I’m SO TIRED Now, Of THIS Controlling, and Bossy Social Status Quo, Of theirs, (NOT THEIRS, OURS!!) I don’t/not KNOW about Anyone Or Anybody Else ON Here or In Here BUT: I’ve even had dreams, about just Wanting to ESCAPE!! by Jumping Out of a Moving car or vehicle, that I was in, of my friends or family, driving the car or vehicle, and me being in the backseat, just like in Lots of dreams, through the years, I’ve usually have been the passenger in the front seat, or the passenger, in the back seat, because I’ve NEVER have driven a car or a vehicle, and I’m currently middle age, in real life, not in this life, anyways, although back in school and Other times too vice versa, I Had a few chances to learn how to drive, but: I’m still a pedestrian, without a car or a vehicle Lol but yeah, THIS is HOW I’m Feeling these days, other people: like I just wanna Jump Out of this current moving life vehicle or car, of a Controlling Society, and Just GET AWAY FROM IT ALL!!! TIRED Of THEM BOSSING And COMMANDING us ALL Around, Like WE are all of theirs, (NOT theirs!!) to just PARADE Around, like Show Animals, NOPE.
Understand things are changing already even though you do not see it.
We are in a time of massive disclosure and change; it has taken a long time. Disclosure will be a shock to those who did not want to believe the truth. Be aware of a coming solar flare, we will all be affected and it will change humanity. When? a month, two months?. It will happen. Do not be afraid, all will improve. Take care.
some song, from a few years ago, about: TURN The CAR AROUND, I GOTTA TURN THIS Or The CAR AROUND……in the reverse and rewind direction, Of this Current life, for sure!! Lol the Great Revoke, Against their great reset, DRIVING AGAINST The Controlling social Status Quo, Already!!
[…] Go to Source Follow altnews.org on Telegram […]
i donate to the Expose but i do not believe Twitter/X/Elon is censoring. Please update this “Your Government & Big Tech organisations such as Google, Facebook, Twitter & PayPal
are trying to silence & shut down The Expose.
[…] War is big business: Defence companies forecast to have record high cash flow by 2026 […]