{"id":1976361,"date":"2023-07-18T15:28:01","date_gmt":"2023-07-18T19:28:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/defense-behemoth-lockheed-martin-announces-just-how-lucrative-war-in-ukraine-has-been\/"},"modified":"2023-07-18T15:30:42","modified_gmt":"2023-07-18T19:30:42","slug":"defense-behemoth-lockheed-martin-announces-just-how-lucrative-war-in-ukraine-has-been","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/defense-behemoth-lockheed-martin-announces-just-how-lucrative-war-in-ukraine-has-been\/","title":{"rendered":"Lockheed Martin reveals immense profits from Ukraine conflict."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdefense-behemoth-lockheed-martin-announces-just-how-lucrative-war-in-ukraine-has-been%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1976361&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Defense\u2062 Behemoth Lockheed\u200b Martin\u200b Announces\u2063 Just How\u200b Lucrative War in \u2062Ukraine\u2063 Has Been<\/h2>\n<p>Defense contractor Lockheed Martin has reported higher-than-expected\u200c sales\u2064 and \u200bprofits in\u2062 the \u2063second quarter \u200dof \u20622023,\u2062 thanks to the ongoing war in Ukraine and\u200d the country&#8217;s\u2062 persistent demands for more Western \u200bmilitary \u200daid.<\/p>\n<p>In its latest \u200dnews release, the \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/defense-behemoth-lockheed-martin-announces-just-how-lucrative-war-in-ukraine-has-been\/\" title=\"Lockheed Martin reveals immense profits from Ukraine conflict.\">company \u200crevealed \u200cquarterly\u2062 net\u200d sales<\/a> of $16.8\u2063 billion\u200d and\u2064 quarterly earnings of $1.7\u2062 billion ($6.63 per \u2064share).<\/p>\n<p>The\u200c 8 \u200dpercent \u2063increase \u200cin\u2063 quarterly sales\u200d was driven \u2062by significant \u200corders for \u200bF-35 multirole stealth\u200b fighter aircraft,\u200c as well as two <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-u-s-commander-we-must-assume-very-real-possibility-that-we-may-need-to-use-nukes-against-china-russia\/\" title=\"Top U.S. Commander: We Must Assume \u2018Very Real Possibility\u2019 That We May Need To Use Nukes Against China, Russia\">missile systems<\/a>, \u2062according to <a href=\"https:\/\/www.wsj.com\/articles\/lockheed-martin-lmt-q2-earnings-report-2023-370bf62e?mod=hp_lead_pos4\" target=\"_blank\"\u2064 rel=\"noopener\">The Wall\u200c Street Journal<\/a>.<\/p>\n<p>These missile\u200c systems, \u200dknown \u200bas\u2064 GMLRS and \u2063HIMARS,\u2063 are being used \u200bby Ukrainian\u200b soldiers \u2062against Russian positions in\u2062 the ongoing <a href=\"https:\/\/www.westernjournal.com\/trump-says-plan-solve-ukraine-war-24-hours-reelected\/\"\u200c target=\"_blank\" \u2062rel=\"noopener\">war<\/a>.<\/p>\n<blockquote>\n<h3>\u201cLockheed\u200c Martin \u200bdelivered\u200c strong \u200cfinancial\u200c results\u2063 in the \u200csecond quarter,\u201d<\/h3>\n<p>Jim \u2062Taiclet, the\u2064 company\u2019s\u200b chairman, president, \u200cand \u200bCEO,\u2064 said \u2062in a \u2063statement.<\/p>\n<h3>\u201cGiven the \u200cstrength \u200bof \u200bour year-to<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nyc-election-board-reports-discrepancy-with-mayoral-race\/\" title=\"NYC election board reports \u2018discrepancy\u2019 with mayoral race\">-date results<\/a> \u2064and \u200bongoing demand for our signature programs and \u200cadvanced technologies,\u2063 we are\u200b raising\u2064 our\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gm-vehicle-sales-tumble-15-percent-as-chip-crunch-supply-snags-drag\/\" title=\"GM Vehicle Sales Tumble 15 Percent as Chip Crunch, Supply Snags Drag\">full-year sales<\/a> and earnings \u2063per\u2062 share \u200boutlooks \u2062for \u20622023,\u201d<\/h3>\n<p>he\u2064 added.<\/p>\n<\/blockquote>\n<p>Taiclet \u2062expressed\u200b optimism about \u200bLockheed Martin&#8217;s \u2063future growth and\u200d its\u200c ability \u200dto\u2064 reward \u200bshareholders \u2062with reliable free\u2062 cash\u200b flow \u200bper \u200cshare \u2062expansion\u200c and cash\u200d deployment.<\/p>\n<p>The company&#8217;s \u2062full-year\u200d sales for 2023 \u2064are\u200c projected\u200d to reach as high as \u200c$66.75 billion, \u2063according \u200bto\u2063 The \u2062Journal.<\/p>\n<p>During\u2064 morning trading, \u200dLockheed \u2064Martin\u2064 shares\u2062 rose\u200c by \u20641.5 percent, indicating \u200dthe \u200bmarket&#8217;s \u200dpositive \u2064response to the company&#8217;s performance.<\/p>\n<p>Among\u200b all defense\u2064 contractors, \u200dLockheed\u200b Martin, based in \u200bBethesda, \u2063Maryland, \u200chas benefited the most\u2062 from the war\u200b in\u200d Ukraine. The increased\u2063 demand for F-35s, Patriot air defense\u200b missile systems, rockets,\u200c and \u200dlaunchers\u2062 has contributed \u2063to the\u200b company&#8217;s success, as reported by The \u2063Journal.<\/p>\n<p>Lockheed Martin also\u200c announced\u2063 a record\u200c backlog of $158\u200b billion, highlighting \u200bthe\u2062 strong\u2064 demand \u200dfor\u2062 its\u200d products\u200b and services.<\/p>\n<p>In\u200d the last quarter, the company&#8217;s order backlog for its missiles \u200dand \u200bfire-control unit \u2062saw\u200d a significant \u2063increase \u2064of\u200d 24 percent.<\/p>\n<p>The Journal noted that defense companies&#8217; \u200cstock\u2063 performance is\u200b closely \u200ctied to \u200bdefense budgets. As a result, Lockheed\u200d Martin and other\u2064 defense contractors have already\u2063 begun\u2062 to\u200c experience\u2064 the\u2062 positive \u2062effects\u200c of\u200d the\u200d Pentagon&#8217;s\u200d increased \u200dspending \u2063plan for\u200d 2023.<\/p>\n<p>According to\u2063 a June \u2063report from \u200cQuincy Institute \u2063Research Fellow Ben Freeman, \u2062defense \u2064contractors&#8217; efforts \u200dto boost sales are aided\u200d by the policy\u2064 advocacy of researchers and fellows working for \u200cthink \u200ctanks\u200c funded by \u2062these contractors. These think tanks often \u200ccall\u2064 for more weapons \u200band\u200b aid to be\u2063 provided to Ukraine.<\/p>\n<blockquote>\n<p>\u201cThe vast \u200bmajority \u2064of\u200d media\u2064 mentions of think \u200dtanks in articles\u2064 about U.S. arms \u2062and \u200bthe Ukraine war are \u2062from \u200cthink tanks whose funders profit \u200cfrom U.S. military spending, \u2064arms \u200bsales\u200c and, in \u2064many\u2064 cases,\u200d directly \u200dfrom U.S. involvement \u2064in the\u2063 Ukraine\u200d war,\u201d<\/p>\n<p>Freeman \u2064wrote.<\/p>\n<p>\u201cThink tanks with\u2064 financial ties to the \u2063arms\u200d industry often support policies\u2064 that would \u200dbenefit the \u2062arms \u200cindustry,\u201d<\/p>\n<p>he added.<\/p>\n<\/blockquote>\n<p>The \u200bQuincy\u200d Institute, which aims to promote\u200c diplomacy and international peace, identified the \u2062Atlantic Council, \u2063the Hudson \u200bInstitute, \u2062the\u200b American\u2064 Enterprise \u200dInstitute, and the \u2064Wilson Center as \u200cthink tanks\u200d with financial \u200bties to\u2064 the arms\u200d industry \u2063in \u200cits \u200creport.<\/p>\n<p>For more \u200cinformation, read the\u200c full article \u200con <a rel=\"nofollow\" \u2063href=\"https:\/\/www.westernjournal.com\/defense-behemoth-lockheed-martin-announces-just-lucrative-war-ukraine\/\">The \u2064Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Defense contractor Lockheed Martin reported higher-than-anticipated sales and profits in Q2 2023 due to ongoing Ukrainian conflict and their persistent requests for Western military support. The company&#8217;s Q2 net sales reached $16.8 billion, with earnings of $1.7 billion ($6.63 per share).<\/p>\n","protected":false},"author":372,"featured_media":1976362,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-1976361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1976361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/372"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1976361"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1976361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1976362"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1976361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1976361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1976361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}