{"id":33705,"date":"2026-01-09T15:59:40","date_gmt":"2026-01-09T14:59:40","guid":{"rendered":"https:\/\/news.banquerichelieu.com\/?p=33705"},"modified":"2026-01-14T15:03:44","modified_gmt":"2026-01-14T14:03:44","slug":"weekly-radar-week-2","status":"publish","type":"post","link":"https:\/\/news.banquerichelieu.com\/en\/2026\/01\/09\/weekly-radar-week-2\/","title":{"rendered":"Weekly Radar – Week 2"},"content":{"rendered":"\n

I.             US MILITARY<\/strong><\/p>\n\n\n\n

US EQUITIES<\/strong><\/h2>\n\n\n\n

Make US military Great Again<\/strong><\/p>\n\n\n\n

    \n
  • On January 7, 2026<\/strong>, following his successful capture on Maduro in Venezuela, Trump signed an executive order to prevent <\/strong>defense equipment suppliers from prioritizing shareholder returns over<\/strong> investment in innovation, production capacity, and on-time delivery<\/strong> of military equipment. At the same time, Trump announced his goal of a $1.5 trillion defense budget in 2027<\/strong>. These two announcements are part of a strategic continuum to breathe new life into the U.S. defense industry against the New Axis of Evil (China, Russia, Iran, North Korea).<\/li>\n\n\n\n
  • Firstly, the United States once again has major military rivals since the fall of the USSR<\/strong>. China’s<\/strong> ambition<\/strong> to be a major military power and the resurgence of Russian military power<\/strong> threaten the US military supremacy acquired since Reagan<\/strong> launched the Star Wars program in 1983<\/strong>. Secondly, high-intensity conflict <\/strong>has once again become a possibility since the intensification of the Russian-Ukrainian conflict in February 2022. Finally, new technologies<\/strong> such as drones, hypersonic missiles, lasers, autonomous vehicles, cyberwarfare techniques, advances in space exploration<\/strong>, and securing access to critical raw materials are forcing the US to rethink national defense and the Art of War.<\/strong><\/li>\n\n\n\n
  • The US Department of Defense budget<\/strong> is projected at $962 billion for 2026<\/strong>, including $205 billion for new equipment, $180 billion for R&D, testing, and development, $360 billion for current expenditures and maintenance, and $195 billion for personnel expenses. Defense spending has been only 3% of GDP per year since 2015<\/strong>, compared to 6% in 1986<\/strong>.<\/li>\n\n\n\n
  • In the United States, three major arms specialists (Lockheed Martin, Northrop Grumman, General Dynamics)<\/strong> and two diversified manufacturers (RTX and Boeing)<\/strong> share the majority of the US market. However, on the eve of the fall of the Berlin Wall, only 6% of military spending was allocated to specialists. The industry consolidated their military activities into these five large conglomerates<\/strong> following the decline in military equipment spending beginning in 1985 and even more so after 1993, when the \u201cLast Supper<\/strong>\u201d meeting announced major budget cuts<\/strong> for the industry. In constant 1996 dollars, the equipment budget fell from $136 billion in 1985 to $40 billion in 1996.<\/li>\n\n\n\n
  • This\u00a0oligopolistic situation<\/strong>,\u00a0conformism<\/strong>, and\u00a0bureaucracy<\/strong>\u00a0have created a favorable environment for more agile companies to modernize the US military industry.\u00a0Anduril<\/strong>,\u00a0Palantir<\/strong>, and\u00a0SpaceX<\/strong>\u00a0are among the leaders of this new world. These three companies would not have been created without the audacity of Thiel, Musk<\/strong>, and\u00a0private equity<\/strong>\u00a0capital. Private funding has grown from $8 billion in 2017 to $20 billion in 2024, and $130 billion in total since 2021. Other US-listed companies such as\u00a0Kratos Defense<\/strong>,\u00a0AeroVironment<\/strong>,\u00a0Curtiss-Wright<\/strong>, and\u00a0Elbit System<\/strong>s\u00a0are generating strong investor enthusiasm.<\/li>\n<\/ul>\n\n\n
    \n
    \"\"
    Source: Bloomberg<\/em><\/figcaption><\/figure><\/div>","protected":false},"excerpt":{"rendered":"

    I.             US MILITARY US EQUITIES Make US military Great Again<\/p>\n","protected":false},"author":1,"featured_media":33703,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[66],"tags":[],"class_list":{"0":"post-33705","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-macro-markets"},"acf":[],"_links":{"self":[{"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/posts\/33705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/comments?post=33705"}],"version-history":[{"count":3,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/posts\/33705\/revisions"}],"predecessor-version":[{"id":33744,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/posts\/33705\/revisions\/33744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/media\/33703"}],"wp:attachment":[{"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/media?parent=33705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/categories?post=33705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.banquerichelieu.com\/en\/wp-json\/wp\/v2\/tags?post=33705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}