The Ukraine conflict has become a great boon for American Big Five defense contractors, sending their stocks up and boosting their profits.
Before adopting the latest $61 billion package, the US Congress had passed four Ukraine spending bills totaling $113 since the beginning of the conflict in February 2022.
The lion's share of the entire spending initiative, or $61.8 billion (54.7%), went to the US Department of Defense which granted its major contractors lucrative new contracts.
Big Five US Arms Makers Profit From Ukraine Conflict and Overcharge Pentagon