Tag Archives: arms industry

U.S. Companies Continue to Secure Defense Deals Amid Pandemic-Related Slowdown

Global Defense Industry

The COVID-19 pandemic has impacted the growth of the global defense industry as governments increase spending on efforts aimed at countering the public health and economic effects of the coronavirus. Economic and logistical challenges due to the pandemic have disrupted defense sales, manufacturing and development, resulting in production irregularities and increasing costs for many defense contractors.

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