Power of the purse equals power to platforms
In September, the US Congress passed an $854 billion spending bill that has ramped up military funding and this is likely to increase the finances of companies along the supply chain including Lord Corporation.
The rotary components supplier for both the civil and military market, as well as fixed-wing, is set to capitalise on this investment from the legislative body’s release in funds for the defence sector.
Lord Aerospace has had a good year, when you consider its presence on the MH-139 which will be the US Air Force’s (USAF) platform in replacement of the Huey – the contract
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