Defense manufacturers cashing in on Trump's global arms push

Foreign arms sales are growing in importance to the top line of big defense firms and may get an added boost this year due to initiatives by President Donald Trump.

Sales to allies and other friendly countries also have allowed American defense companies to extend production lines that otherwise might be shuttered or downsized.

Trump's personal involvement in defense sales also hasn't gone unnoticed, whether touting $350 billion in weapons to Saudi Arabia last May or suggesting in November that Japan should buy more U.S.-made equipment to shoot North Korean missiles "out of the sky."

Lockheed Martin and Raytheon, two defense companies with upcoming earnings reports, stand to benefit from increased international sales over the next few years, according to analysts. A lot of the recent growth in U.S. defense sales is in missile defense systems and Lockheed's F-35 stealth fighter jets.

https://www.msn.com/en-us/money/companies/defense-manufacturers-cashing-in-on-trumps-global-arms-push/ar-AAv8mXq?li=BBnbfcN&ocid=edgsp