-+ 0.00%
-+ 0.00%
-+ 0.00%
The Zhitong Finance App learned that according to a document submitted to the US Congress, the $67 billion emergency financial grant requested by the Pentagon (the US Department of Defense) this fiscal year included $18.2 billion to supplement America's most advanced “Patriot” missile system, Navy “Tomahawk” cruise missiles, and the Army's high-altitude interception system called “Saad.” Of this $67 billion emergency grant application, about $18.2 billion was used to replenish high-end missile reserves. It can be described as a confirmation signal that the global military industry is moving from “geopolitical transactions” to a “supercycle of continuous military inventory replenishment and production expansion fueled by strong demand,” and is setting off a new wave of investment in the defense and military industry chain that has taken the global stock market by storm.
Share
Listen to the news
The Zhitong Finance App learned that according to a document submitted to the US Congress, the $67 billion emergency financial grant requested by the Pentagon (the US Department of Defense) this fiscal year included $18.2 billion to supplement America's most advanced “Patriot” missile system, Navy “Tomahawk” cruise missiles, and the Army's high-altitude interception system called “Saad.” Of this $67 billion emergency grant application, about $18.2 billion was used to replenish high-end missile reserves. It can be described as a confirmation signal that the global military industry is moving from “geopolitical transactions” to a “supercycle of continuous military inventory replenishment and production expansion fueled by strong demand,” and is setting off a new wave of investment in the defense and military industry chain that has taken the global stock market by storm.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending