Demand for missile defense moves up amid US-North Korea row

According to a report from Lockheed Martin, which is United States government’s top weapons supplier, the demand for missile defense systems is on the rise amid escalation between North Korea and the United States, which has reached a boiling point. North Korea’s DPRK news agency has announced that a strike at US military facility in Guam is being considered seriously. Despite signals from the United States and South Korea to have discussions with North Korea was of words have aggravated the tension. In response to North Korea’s threat to strike Guam, which has a have US military presence, President Trump has said, “North Korea best not make any more threats to the United States.  They will be met with fire and fury like the world has never seen. He has been very threatening beyond a normal statement. And, as I said, they will be met with fire, fury, and frankly power, the likes of which this world has never seen before."

Since last year, North Korea has tested two nuclear weapons and test-fired 20 ballistic missile, which has likely to have pushed up the demand for missile defense systems. Lockheed Martin is the maker of THAAD missile system, which is currently being deployed in South Korea, in response to threats from the North. Despite increasing demand for weapons from around the world, the U.S. government accounts for almost 70 percent of Lockheed’s earnings.