The stock prices of many of the world's biggest arms manufacturers shot up in late February after Russia's invasion of Ukraine began.(ABC News: Markus Mannheim/New York Stock Exchange/Euronext Paris)
ABC News Australia: Ukraine war boosts weapons makers' stock prices, but revenue to take years to flow through
When Russia launched its invasion of Ukraine at the end of February, the stock prices of many of the world's biggest arms manufacturers spiked.
As the first Russian tanks rolled across the border, investors flocked to companies, including Raytheon, Northrop Grumman, Thales, Lockheed Martin and General Dynamics.
However, the demand created by the war has yet to translate into big increases in revenue for the major defence contractors.
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WNU Editor: While the defense contractors have yet to see the money, everyone knows that the defense budget increases and special budgets are coming.
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