New boom for arms makers as US military spending increases

Congress is on track in the coming week to give final approval to a national military budget for the current fiscal year that is expected to reach approximately $858 billion - or $45 billion above what President Biden had requested. Lockheed Martin, the nation's largest military contractor, had booked more than $950 million worth of its own missile military orders from the Pentagon in part to refill stockpiles being used in Ukraine.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/l43QnVE