The analysts wrote in their Friday report:
Presidential drawdowns have pushed US weapons stockpiles to dangerously low levels that have not been seen for decades. On several ground systems, DoD officials have indicated that ammunition stocks have dwindled to levels that would be considered problematic during wartime.
The analysts wrote that as the United States continues to provide military assistance to Ukraine, major defense contractors have been tasked with meeting demand throughout Europe and restocking United States military inventories depleted as a result of the 20 presidential drawdowns since August 2021.
They forecasted that Raytheon Technologies (Defense Secretary Lloyd Austin’s employer before he become defense chief), Lockheed Martin, and General Dynamics are best positioned to benefit from the demands, given their experience in producing “legacy ground-based systems.”
No doubt the Chinese and Russians are watching closely.