The invasion of Ukraine launched by Russia’s Vladimir Putin could re-order U.S. military spending and ripple across Connecticut’s extensive network of Pentagon suppliers.
It’s a switch from just 16 months ago when military analysts and some in Congress questioned whether then-President Donald Trump’s military budget should be pared by Joe Biden, who had yet to be elected president, to make room for funding for COVID-19 relief and other domestic demands.
“This whole idea that defense is in decline, all we have to do is look across at eastern Europe and see that is not the case,” Greg Hayes, chief executive officer of defense and aerospace giant Raytheon Technologies Corp., said this week at a meeting with industry analysts.
