LMT - Why Is Poland Buying $3.5 Billion in Missiles From RTX and Lockheed Martin?
2024-03-26 04:25:00 ET
Russia's 2022 invasion of Ukraine, which continues to this day, has made a lot of European countries nervous that they might be next -- and none more so than Poland.
Since Russian tanks first rolled across the Ukrainian border, Poland has spent tens of billions of dollars shoring up its defenses -- $6 billion to buy 250 main battle tanks from General Dynamics (NYSE: GD) , another $10 billion for HIMARS rocket launchers from Lockheed Martin (NYSE: LMT) , and a further $12 billion to buy 96 Apache attack helicopters from Boeing (NYSE: BA) , to name just a few high-profile purchases.
And Poland's shopping list is only getting longer.
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Why Is Poland Buying $3.5 Billion in Missiles From RTX and Lockheed Martin?