Major
defense contractors Raytheon, Oshkosh, and Lockheed Martin assured
investors at a Credit Suisse conference in West Palm Beach this week
that they stand to gain from the escalating conflicts in the Middle
East.
Lockheed
Martin Executive Vice President Bruce Tanner told the conference his
company will see “indirect benefits” from the war in Syria,
citing the Turkish military’s recent decision to shoot down a
Russian warplane.
The
incident, Tanner said, heightens the risk for U.S. military
operations in the region, providing “an intangible lift because of
the dynamics of that environment and our products in theater.” He
also stressed that the Russian intervention would highlight the need
for Lockheed Martin-made F-22s and the new F-35 jets.
And for
“expendable” products, such as a rockets, Tanner added that there
is increased demand, including from the United Arab Emirates and
Saudi Arabia because of the war in Yemen.
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