The war in Ukraine stands on its 113th day, with the country showing defiance, refusing to surrender Sievierodonetsk in the face of Russian aggression. The United States is expected to provide an additional $1 billion in security assistance to Ukraine. Currently, U.S. defense spending is at an all-time high and has reached a proposed $778 billion in 2022, according to ExecutiveGov.
Recently, Finland and Sweden, countries geographically close to Russia, handed in their official letters to join NATO. It is expected that with many American defense contractors at the center of NATO’s framework, adding new members to the defense alliance would benefit U.S. defense contractors. The global arms industry is being dominated by U.S companies, and the geopolitical tension in eastern Europe is expected to ensure this stays this way for some time.
