Donald Trump presidency would be good for defense spending, HEICO exec said

Heico

24/07/2024 14:29

FARNBOROUGH, England July 24 (Reuters) - A Donald Trump
presidency would benefit the U.S. defense industry, independent
aerospace and defense parts producer Heico Corp's  HEI.N 
co-president Eric Mendelson told Reuters on Wednesday.
    Former U.S. President Trump has hinted he may cut funding to
Ukraine if he is elected in November, potentially curbing the
booming sales of everything from missiles and drones to armored
vehicles and artillery shells.
    "We think Trump will be good for our business," Mendelson
said on the sidelines of the Farnborough Airshow. "And I think
most of the people in the defense industry share that
viewpoint."
    Defense firms have said they are confident Western
governments will continue to increase spending on weapons to
counter Russia and China, brushing off concerns that political
upheaval in the United States and Europe could curb military
budgets. 
    "He (Trump) has replicated Reagan's strategy of peace
through strength, and the idea is that if you have strength then
that discourages your neighbor's bad people from attacking you,"
Mendelson said, referring to 1980s U.S. President Ronald Reagan.
    "Even if he's successful in ending the conflict, which we
all hope he is, as long as he continues to support a sovereign
Ukraine, he still will be a very good promoter for the
industry."

 (Reporting by Allison Lampert; Editing by Mark Potter)
 ((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters
Messaging: allison.lampert.reuters.com@reuters.net))