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Iran war means more orders for US defense giants [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
-/US Central Command (CENTCOM)/AFP US defense companies are reporting a surge in demand for military equipment, as the war in the Middle East prompts fresh orders from governments around the world. Earnings Tuesday signaled that 2026 will be another strong year after a robust 2025 in the wake of continuing conflicts in Gaza and Ukraine, Russian incursions into European airspace, Chinese maneuverings towards Taiwan and Red Sea tensions. More governments are ordering military equipment amid rising geopolitical strife. For those who are already in conflict, there is a need to spend more to replenish stocks or maintain machinery. US defense companies RTX, Northrop Grumman and GE Aerospace all reported increased orders in the first quarter. While hoping for a "sustained resolution" to the Middle East conflict, RTX CEO Chris Calio told a Wall Street analyst call the company was working with the Pentagon "to accelerate munitions production." US officials have announced new agree
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