European Demand For US Drones, Missiles Increases After Russian Invasion: Reuters

  • Reuters reported that European governments approached the U.S. government and defense contractors with a shopping list of arms, including drones, missiles, and missile defenses, as the Russian invasion of Ukraine drives renewed demand for U.S. weaponry.
  • Germany, along with its potential deal for 35 Lockheed Martin Corp LMT F-35 jet fighters, has inquired about systems to defend against ballistic missiles, the report noted, citing sources familiar with the situation.
  • RelatedGermany To Buy 35 Lockheed F-35 Fighter Jets: Reuters
  • Poland is planning to purchase sophisticated Reaper drone systems from the U.S. on an urgent basis, the report added, noting a Polish government official. 
  • Requests are also coming in from other countries in Eastern Europe, where allies are keen to acquire weaponry that Ukraine has successfully used against Russian forces, the report mentioned.
  • European allies are "doubling down" on their defense spending, the report quoted Mara Karlin, a Pentagon deputy defense secretary.
  • The Pentagon has re-established a team to respond to the increased demand to speed up U.S. government approval for sales and transfers of arms produced by American defense contractors.
  • Raytheon Technologies Corp RTX) and Lockheed Martin Corp jointly produce Javelins, while Raytheon makes Stingers. 
  • Price Action: LMT shares are trading higher by 1.41% at $427.30 and RTX higher by 1.92% at $97.64 during the market session on Thursday.
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