Global Security Risks Are Up. Defense Stocks Aren’t.
Chaos in Congress and lingering supply chain troubles have clouded the outlook for Lockheed Martin and other weapons makers.
A Lockheed Martin-made F-35 fighter in Denmark.
Photographer: Bo Amstrup/Ritzau Scanpix/AFP/Getty Images
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Bloodshed in the Middle East, a war in Ukraine and growing tensions in the Western Pacific have combined to create a burgeoning crisis in global security. “This may be the most dangerous time the world has seen in decades,” JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said last week as the bank reported third-quarter results. Dangerous times are bad for humanity but typically good for the business of bullets, bombs and fighter jets.