A Note From Our President & Founder Jim Garrettson
Investors made a sharp turn this week to defense and other government contracting stocks after the Friday Paris attacks in anticipation of increased activity in the global weapons market.
The GovCon Index had recorded a climb of 4.76 percent from last Friday’s close and was on pace to break the 80-point barrier for the first time since Feb. 22 as of this publication.
The Index posted gains for all four trading days this week compared to two by the S&P 500, of which 10 Index stocks are also listed in.
With this in mind, we looked at some of the most recent data available to see both the scale of the global arms trade and the composition of the industrial base behind it.
The Stockholm International Peace Research Institute — a notable global security think tank — estimates the world spent $1.75 trillion combined on defense in 2013 and the 100 largest weapons makers sold $402 billion in arms then.
Sixty-nine of those 100 companies and all of the top 10 are headquartered in either the U.S. or Western Europe.
Lockheed Martin, Boeing and Britain’s BAE Systems are respectively the top three with Raytheon, Northrop Grumman and General Dynamics in slots four through six.
Places seven through nine belong to trans-European contractor Airbus, United Technologies and Italy-based Finmeccanica with France’s Thales in 10th.
Thales and L-3 Communications switched places from the Institute’s 2012 rankings with L-3 in 11th for the 2013 list.
And already this week, we learned of two new arms deals struck by the U.S. government: a $1.29 billion sale of bombs to Saudi Arabia and a $157 million deal with Morocco for Raytheon-made missiles and missile launchers.
The government will hold a competition to determine the contractor for the sale to Saudi Arabia.
TYSONS CORNER, VA, Feb. 20, 2018 — Mitre has named five people from industry, academia and the public sector as fellows to help the nonprofit organization address challenges in the areas of national defense, cybersecurity and health, GovCon Executive reported Friday. The Visiting Fellows Program now includes Ashton Carter, board member of the Belfer Center for
September 6 – September 9 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson With summer official coming to a close and the nation celebrating Labor Day we see the government contracting community returning to their normal schedules. With the federal budget year ending on September 30th I
June 6 – June 10 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Long lines at airport security checkpoints have dominated the headlines lately and the agency responsible for protecting these hubs unveiled a new effort this week that enlists private sector help to keep passengers moving. The
We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. Read about how we use cookies and how you can control them on our Privacy Policy. If you continue to use this site, you consent to our use of cookies.
And already this week, we learned of two new arms deals struck by the U.S. government: a 
