Zero Hedge: World On Fire Sends Global Defense Orders Soaring
The world now teeters dangerously close to a major military conflict. This brewing storm of global unrest in Eastern Europe, the Middle East, and the South China Sea signals a chilling reminder of the world on fire.
The shift towards a multipolar world has led to a surge in military spending by countries. New data from the Financial Times reveals that the world's top defense firms have been bombarded with orders from tanks to fighter jets to missiles.
Britain's BAE Systems, South Korea's Hanwha Aerospace, and the United State's Lockheed Martin, along with twelve other defense firms, were found to have combined order backlogs of $777.6 billion at the end of 2022, up from $701.2 billion two years earlier - or about a 10% increase.
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Update: Global defense orders surge amid escalating geopolitical tensions (Voice of Europe)
WNU Editor: Here is an easy prediction. 2024 is going to be a banner year for these defense firms.