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Defense Companies Report Earnings: Simultaneous Growth in Traditional Weapons Demand and New Technology Markets

CNBC · ·by G4L

LMT Lockheed Martin Corp
$588.19 +3.72%
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  1. 1Lockheed Martin's missile business recorded a 24% revenue growth rate in the third quarter.
  2. 2Renk's military vehicle business saw a 46% surge in orders during the first nine months of this year.
  3. 3Hensolt reported a 52% revenue growth rate for its optical equipment business.

So what's the key point?

Revenue and orders for weapon-related businesses at Lockheed Martin, Renk, and Hensolt increased significantly. This means the businesses of these companies are performing well.

Source CNBC · View original ↗

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