Lockheed Martin Predicts Strong Profits as Global Instability Rises
By Kyle Anzalone | The Libertarian Institute | July 20, 2023
Lockheed Martin believes global instability is driving demand and sees an increase in annual profits. Washington’s proxy war in Ukraine has caused an increase in arms spending among NATO members, boosting weapons makers’ stock prices.
On Tuesday, Lockheed raised its annual profit and sales outlook on strong demand for military equipment. After making the announcement, the company’s stock price increased by one percent. Reuters reports, “[Lockheed] expects full-year net sales to be between $66.25 billion and $66.75 billion, up from its earlier forecast of $65 billion to $66 billion.”
The billions in profit are driven by sales of big-ticket systems like the F-35. However, Lockheed has struggled to produce F-35s that can perform its promised abilities. In May, the government found the planes’ engines have a serious problem dealing with heat. “The F-35’s engine lacks the ability to properly manage the heat generated by the aircraft’s systems,” POGO reported. “That increases the engine’s wear, and auditors now estimate the extra maintenance will add $38 billion to the program’s life-cycle costs.”
The arms maker has additionally experienced a boost in demand for smaller systems, like the Javelin anti-tank missile. The White House has shipped thousands of Javelin systems to Kiev since Joe Biden took office.
As well as predicting future success, Lockheed announced it beat expectations regarding quarterly sales. According to Reuters, “Quarterly net sales rose 8.1% to $16.69 billion, beating expectations of $15.92 billion.”
Last year, Ian Bond, director of foreign policy at the Centre for European Reform, described the surge in the market for weapons as the highest since the Cold War. “This is certainly the biggest increase in defense spending in Europe since the end of the Cold War,” he said.
Prior to the Russian invasion of Ukraine, Lockheed’s stock price traded below $340 a share, the price increased to over $450 within a few months. On Thursday, Lockheed’s stock was valued at $456 per sale.
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The lies about the 1967 war are still more powerful than the truth
By Alan Hart | June 4, 2012
In retrospect it can be seen that the 1967 war, the Six Days War, was the turning point in the relationship between the Zionist state of Israel and the Jews of the world (the majority of Jews who prefer to live not in Israel but as citizens of many other nations). Until the 1967 war, and with the exception of a minority of who were politically active, most non-Israeli Jews did not have – how can I put it? – a great empathy with Zionism’s child. Israel was there and, in the sub-consciousness, a refuge of last resort; but the Jewish nationalism it represented had not generated the overtly enthusiastic support of the Jews of the world. The Jews of Israel were in their chosen place and the Jews of the world were in their chosen places. There was not, so to speak, a great feeling of togetherness. At a point David Ben-Gurion, Israel’s founding father and first prime minister, was so disillusioned by the indifference of world Jewry that he went public with his criticism – not enough Jews were coming to live in Israel.
So how and why did the 1967 war transform the relationship between the Jews of the world and Israel? … continue
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A 900 billion dollar budget yet America has run out of ammo! Where’s all the money going? Cyber warfare? AI? After the USSR collapsed the geniuses in military planning cut way back on producing 155 Howitzers and ammo as well as short and long-range missiles. Instead, money was spent on 750 military bases that sprang up as a military perimeter encircling Russia and China. Call it Global NATO containment with a vengeance.
The US military-industrial complex continues to find ways to maintain the reason for its existence. War against nuclear powers Russia and China is one of those ways.
The post-1991 military thrust by NATO had satisfied the psychological and physical needs of the MIC as well as the political Modus Operandi of the war hawks in Congress. Keep the money flowing and we’ll find a way to spend it, is the thinking among the military geniuses in the Defense Dept. Except that they have failed to invest in the physical side of military-industrial war production. The inventory side isn’t there. The cupboards are bare. War-making requires a bill of materials and a bill of labor. Logistics is the key to winning wars. They can’t meet recruiting quotas either. And because they don’t have the in-depth mfg capability necessary for fighting long wars of attrition, and the Russians do, Ukraine has no chance at all to defeat Russia. It can provoke Russia with terrorist attacks on civilian targets. But they cannot win a war with Russia. And neither can the current geniuses running things in NATO/UK/US. It will take years before the potential to defeat Russia is realized, if at all. The US has run out of logistics and Ukraine manpower to continue the conventional war of attrition Ukraine has been fighting. It should be considered ironic that Russia is in this position since U.S. actions after 1991 had everything to do with destabilizing Russia.
President Putin’s intelligent leadership has proven capable of thinking outside the box. He has overcome logistical problems caused by U.S. sanctions. He has shored up his alliances with China and India. Russia under Putin’s leadership is playing an important role as a member of the BRICS and Shanghai Cooperation Organization. Nations of the Global South view Russia and China as an opportunity to trade their colonial past for real economic development of their nations.
The U.S. on the other hand continues to bully and bludgeon nations, friend and foe alike, with sanctions as it recently did to the nation of Iraq. Putin haters in the UK and U.S. may be planning Russia’s defeat and destruction, but without the physical means to do so, they will fail. It raises the question: If NATO is not victorious with conventional weapons, are U.S. and UK planners crazy and desperate enough to resort to nuclear weapons in a war of annihilation some of them believe they can win? Time is not on their side.
Western banks are teetering on the verge of collapse and systemic disintegration of the trans-Atlantic monetary central banking system. Before WWI and WWII, a window of opportunity existed to prevent war. But the British sabotaged peace efforts in each period. In the period leading up to the First World War Britain intended to defeat and break up the Austro-Hungarian Empire, defeat Germany, and emerge more powerful than before. But British Imperialists stated the goal. Defeating and ruling Russia. What Halford Mackinder called ruling the “Eurasian Heartland” as the key to ruling the world. But after several years of meat grinder trench warfare in Europe, it would have to be put off for the next twenty years until Germany could be militarized and Nazified. Thanks to Bank of England’s Montagu Norman and the Harriman-Bush banking crowd, Germany was armed and aimed at Russia as an extension of WWI but fought as WWII. Will there now be a WWIII? We are extremely close and the window is closing fast.
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