Despite the importance of Lockheed Martin’s Himars rocket launchers to Ukraine’s defense against Russia, the company expects annual sales to fall.
The quantities of arms the U.S. is sending to Ukraine are eye-catching: thousands of artillery shells and missiles, and hundreds of thousands of rounds of ammunition, just to name a few.
The total security assistance package, now worth more than $27 billion, should in theory mean a big payday for major weapons producers.
Yet the largest ground war in Europe since World War II isn’t translating into boom times for U.S. defense contractors.
Hobbled by supply chain disruptions, a tight labor market and a Pentagon procurement process that can take years, arms makers have been struggling to respond to the soaring demand.