Defense Companies Still Await Boost from Pentagon’s Arming of Ukraine

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There is an $8 billion gap between what the Pentagon has pledged to send to support Ukraine and its allies, and the contracts awarded to defense companies.

Executives at military contractors said the combination of supply chain hurdles, labor shortages and Pentagon bureaucracy means billions of dollars in contracts won’t start to benefit their financial results until late next year and into 2024 and beyond.

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NEWPORT NEWS, Va. (July 10, 2019) The upper bow unit of the future  aircraft carrier USS John F. Kennedy (CVN 79) is fitted to the primary structure of the ship, July 10, 2019, at Huntington Ingalls Industries Newport News Shipbuilding. John F. Kennedy is the second Gerald R. Ford-class aircraft carrier and the second aircraft carrier to be named after the 35th president. The 1,096-foot hull is longer than three football fields and more than 3,000 shipbuilders and 2,000 suppliers from across the country are supporting construction of the ship. The christening for John F. Kennedy is scheduled for late 2019. (U.S. Navy photo courtesy of Huntington Ingalls Industries by Matt Hildreth/Released)

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