US defense contractors see revenue boost amid global armed conflicts
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The Russian invasion of Ukraine has resulted in a significant boost in revenue for major US defense contractors, as the US government and European nations ramp up their defense budgets in response to Moscow's hostile actions. Lockheed Martin, General Dynamics, and RTX have all experienced better-than-anticipated outcomes, with new agreements inked late last year to either directly supply Ukraine or replenish US weapons sent to the nation. Additionally, the ongoing Israel-Hamas conflict is also predicted to increase short-term demand.