Kremlin Says Russia's Putin and President Trump Will Meet

Defense Industry Outlook - Global defense spending is expected to rise over the next 2-4 years as European countries increase their defense budgets [8] - The security dilemma drives increased defense spending, as nations seek to match or surpass the capabilities of others, exemplified by China's naval production [9] - Emerging technologies like hypersonic technologies, directed energy (lasers and high-powered microwaves) are growing areas of defense spending [11] Production and Capacity - Lockheed Martin aims to increase production of PAC-3 interceptors from 550 to 650 per year by 2027, indicating high demand [3] - The reconciliation bill includes $150 billion, with $29 billion allocated for shipbuilding, benefiting Huntington Angles and General Dynamics Electric Boat, along with 16,000 suppliers [4] Geopolitical Factors - The Russia-Ukraine war has led to increased business for defense contractors [2] - Some countries like Vietnam, traditionally reliant on Russian equipment, are seeking new partners [10] - The AUKUS deal between Australia, the U-K, and the U-S includes submarine development and emerging technologies [10][11] European Defense Spending - Plans are in place to reach 35% of hard defense spending and 15% of support contracts tied to defense [5] - Some European countries, like Germany and Poland, have the financial capacity to increase defense spending, while others, like Italy and Spain, face challenges [13] Key Players - Major U-S defense companies include Raytheon, Northrop Grumman, and Lockheed Martin [6] - Prominent European defense companies include Rheinmetall and Leonardo TALOS [6]