Babcock CEO Lockwood Says Defense’s Upward Trajectory to Endure

Babcock International Group Chief Executive Officer David Lockwood predicted governments will continue the “upward trajectory” in spending on military equipment even if the war in Ukraine ends and the Iran-Israel ceasefire holds.

“For things to really slow down, you’d have to believe that the world was stable on multiple fronts, and I think that is improbable, unfortunately,” Lockwood said in an interview, citing concerns around Europe’s eastern front, the Middle East and China.