"The biggest defence companies in the United States have agreed to quadruple production of what President Donald Trump describes as exquisite class weaponry after a meeting at the White House. The meeting on Friday was attended by the chief executives of RTX (formerly Raytheon), Lockheed Martin, Boeing, Northrop Grumman, BAE Systems, L3Harris Missile Solutions and Honeywell Aerospace, all of which are sitting on billions of dollars of order backlogs."
"The US is already the world's largest military spender at nearly $1 trillion in 2025, exceeding the combined total of the next nine countries. Trump aims to increase this amount to $1.5 trillion by 2027. Billions of dollars have already been spent by the US on weapons in the war with Iran, making war a highly profitable business for defence contractors."
"Last week, stock prices for major arms-producing companies in the US have all risen, including for Northrop Grumman (up 5 percent), RTX (up 4.5 percent) and Lockheed Martin (up 3 percent). According to the US military's Central Command (CENTCOM), Operation Epic Fury has drawn on more than 20 distinct weapons systems across air, sea, land and missile defence forces."
Major US defence contractors including RTX, Lockheed Martin, Boeing, Northrop Grumman, BAE Systems, L3Harris, and Honeywell Aerospace met at the White House to agree on quadrupling weapons production. These companies hold billions in order backlogs exceeding some nations' GDPs. The US military budget reached nearly $1 trillion in 2025, with plans to increase to $1.5 trillion by 2027, already exceeding the combined spending of the next nine countries. Defence stocks have surged, with Northrop Grumman up 5 percent, RTX up 4.5 percent, and Lockheed Martin up 3 percent. Military operations have deployed over 20 distinct weapons systems including Tomahawk missiles and Precision Strike Missiles, making defence contracting highly profitable.
Read at www.aljazeera.com
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