2024-05-22 15:55:35 ET
Summary
- War has historically driven innovation, leading to the invention of everyday products and technologies.
- The changing battlefield in Ukraine, with the increased use of drones, poses challenges for defense contractors.
- General Dynamics, the producer of the Abrams tank, is benefitting from strong growth in its Combat Systems segment and expects to achieve a 100% free cash flow conversion in 2024.
- Despite its lofty valuation, the company remains attractive for long-term investors.
Introduction
- Pringles (chips)
- Bug spray
- Duct tape
- Microwave ovens
- Boeing 747
- Computers
- Internet
- Nuclear energy
- Walkie-Talkies
These are just a few examples of everyday products/items/technologies we use that were invented during wars....
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For further details see:
40% In 12 Months: Here's Why I Remain Bullish On General Dynamics