Lexington COO Loren Thompson was recently quoted by the New York Times in an article examining the defense industry’s resilience to fallout from the coronavirus crisis, which has hit multiple sectors hard in a matter of weeks.
The defense industry, it concludes, may be affected less by the downturn than other sectors, due to constant defense needs and reliable political support from Democrats and Republicans alike. “Under Obama, the national defense strategy was focused primarily on terrorism, and that didn’t require a lot of new weapons,” said Thompson. “So demand for weapons was trending downward. But the moment Trump gets in, it’s all about China, which requires more weapons.”
Read the full article here.
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