Riding The Wave: Defense Revenues Rise Despite A Dark 2020 (From Defense News)

Lexington’s Dan Goure was quoted in a Defense News piece describing the growth of U.S. defense spending in FY2020 despite the COVID-19 pandemic. Revenues in the defense industry recorded in this year’s Defense News Top 100 list totaled $551 billion, an increase of about 5 percent from FY2019.

Geopolitically, the list paints a picture of “growing integration between the U.S. and its allies,” said Goure. He also dismissed the threat of competition from Russian firms. “There are only two Russian companies in the top 50 companies, so even if you had a Russia-China alliance, the answer is: ‘Eh, no big deal,’” Goure said. “The current administration is really talking about the reliance on allies, so it’s really significant. And together with those allies, the West just dominates. They tower above everybody else.”

Read the full article here.