Weapons biz celebrates declining ‘state of humankind,’ cold war with China | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Weapons biz celebrates declining ‘state of humankind,’ cold war with China

Business is good for weapons companies according to their just released first-quarter-2021 earnings. Lockheed Martin, Northrop Grumman, and General Dynamics all had first-quarter-revenues that exceeded estimates. And executives from all three corporations were surprisingly blunt with investors on earnings calls about why their revenues were soaring: the Biden administration’s tilt toward great power competition with China and greater international instability.

General Dynamics’ Chairman and CEO Phebe Novakovic clearly stated that what’s bad for people is good for their bottomline. “[U]nfortunately, for the state of humankind, the world has become an increasingly dangerous place,” said Novakovic on Wednesday. “And so we see the reflection of that concern in many U.S. allies with increased demand for many of our products in Europe, Eastern Europe, a little bit in Asia, parts of the Middle East and in the former Commonwealth nations and the U.K.”

She later concluded that the potential of the world becoming more dangerous was producing a “nice cadence continuing in terms of our orders.”

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