Defense
Europe’s arms build-up
5 stocks · 2 groups · Updated
NATO allies have committed to spend far more on defense, and US contractors are filling the orders. Their filings say so.
At a glance
01
Where the money comes from
LHXL3HarrisLHXMakes military radios, sensors and satellites.
L3Harris spells out the budget behind the build-up, 5% of GDP a year for a decade.
“Internationally, almost all NATO allies have committed to spend 5% of GDP annually over the next decade on defense and security-related expenditures, with 3.5% on core defense articles and another 1.5% on critical infrastructure, cyber and other key areas.”
L3HarrisLHX
Makes military radios, sensors and satellites.
L3Harris spells out the budget behind the build-up, 5% of GDP a year for a decade.
“Internationally, almost all NATO allies have committed to spend 5% of GDP annually over the next decade on defense and security-related expenditures, with 3.5% on core defense articles and another 1.5% on critical infrastructure, cyber and other key areas.”
02
The contractors
GDGeneral DynamicsGDBuilds combat vehicles, submarines and jets.
General Dynamics names Europe directly as where demand for its combat vehicles and munitions has grown.
“Internationally, as a result of ongoing regional conflicts and the overall threat environment, we have seen increased demand, particularly in Europe, for our Combat Systems military products and services.”
General DynamicsGD
Builds combat vehicles, submarines and jets.
General Dynamics names Europe directly as where demand for its combat vehicles and munitions has grown.
“Internationally, as a result of ongoing regional conflicts and the overall threat environment, we have seen increased demand, particularly in Europe, for our Combat Systems military products and services.”
LMTLockheed MartinLMTBuilds fighter jets and missile defense.
The largest US contractor ties higher security spending to conflicts in Europe, the Middle East and the Pacific.
“Conflicts or tensions in areas such as the Middle East, Europe, and the Pacific region have heightened tensions and highlighted security requirements globally, including in these regions as well as the U.S.”
Lockheed MartinLMT
Builds fighter jets and missile defense.
The largest US contractor ties higher security spending to conflicts in Europe, the Middle East and the Pacific.
“Conflicts or tensions in areas such as the Middle East, Europe, and the Pacific region have heightened tensions and highlighted security requirements globally, including in these regions as well as the U.S.”
NOCNorthrop GrummanNOCBuilds bombers and missile defense systems.
Northrop names the wars in Ukraine and Iran as what has raised security needs around the world.
“The ongoing conflicts in Ukraine and Iran and threats elsewhere, particularly in the Middle East and the Western Pacific region, have increased global tensions and instability and highlighted security requirements globally.”
Northrop GrummanNOC
Builds bombers and missile defense systems.
Northrop names the wars in Ukraine and Iran as what has raised security needs around the world.
“The ongoing conflicts in Ukraine and Iran and threats elsewhere, particularly in the Middle East and the Western Pacific region, have increased global tensions and instability and highlighted security requirements globally.”
RTXRTXRTXMakes Patriot missiles, jet engines and radars.
RTX's Raytheon unit books air-defense orders from NATO members, such as Patriot systems for the Netherlands.
“In addition to a number of smaller individual bookings, Raytheon booked $628 million to provide Patriot systems for the Netherlands and $1.6 billion on a number of classified contracts.”
RTXRTX
Makes Patriot missiles, jet engines and radars.
RTX's Raytheon unit books air-defense orders from NATO members, such as Patriot systems for the Netherlands.
“In addition to a number of smaller individual bookings, Raytheon booked $628 million to provide Patriot systems for the Netherlands and $1.6 billion on a number of classified contracts.”