Lexington COO Loren Thompson was recently quoted by the New York Times in an article examining the defense industry\u2019s resilience to fallout from the coronavirus crisis, which has hit multiple sectors hard in a matter of weeks.<\/p>\n
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. \u201cUnder Obama, the national defense strategy was focused primarily on terrorism, and that didn\u2019t require a lot of new weapons,\u201d said Thompson. \u201cSo demand for weapons was trending downward. But the moment Trump gets in, it\u2019s all about China, which requires more weapons.\u201d<\/p>\n