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Business/Financial

Defense Growth, Shareholders Will Benefit Mid-Decade From Global Unease, Taiclet Says

By Cal Biesecker

Tuesday, July 19th, 2022

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Defense Growth, Shareholders Will Benefit Mid-Decade From Global Unease, Taiclet Says

James Taiclet, chairman, president and CEO of Lockheed Martin. Photo: Lockheed Martin

Domestic and international defense growth will hit an “inflection point” in two to three years as demand firms up, funding is appropriated, contracts are let and suppliers can meet capacity, all related to Russia’s invasion of Ukraine and more recent concerns about China’s intentions as well as North Korea, the chief executive of the top U.S. defense contractor said on Tuesday. “The value of deterrence has never been greater really at this point now,” James Taiclet, chairman, president and CEO…

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