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North Korea has started shipping military equipment to Russia for its war effort in Ukraine and the United States believes Moscow may be supplying Pyongyang with military assistance in return, a senior White House official said Friday.
Between Sept. 7 and Oct. 1, Pyongyang shipped more than 1,000 containers of military equipment from Najin, North Korea to Dunay, Russia, according to National Security Council spokesperson John Kirby. He did not spell out how the United States obtained the information.
The equipment was moved by rail to a Russian ammunition facility in the town of Tikhoretsk in southwestern Russia, roughly 180 miles from the Russian-Ukrainian border.
"We condemn the DPRK for providing Russia with this military equipment," Kirby said, referring to North Korea.
General Dynamics (GD Stock)
Starting off, General Dynamics Corporation (GD) is a global aerospace and defense company that offers a wide range of products and services in business aviation, combat vehicles, weapons systems, and munitions. Its diverse portfolio allows it to cater to both military and commercial sectors globally.
Back in late July, General Dynamics reported a beat for its second quarter 2023 financial results. Diving in, the company notched in earnings of $2.70 per share, along with revenue of $10.15 billion for Q2 2023. This is versus Wall Street’s consensus estimates for the quarter which were an EPS of $2.59 and revenue estimates of $9.46 billion. As a result, revenue increased by 10.48% on a year-over-year basis.
In the last month of trading, shares of GD stock have gained by 10.27%. Meanwhile, during Tuesday morning’s premarket trading action, General Dynamic’s stock is trading higher by 1.35% at $241.69 a share.
RTX Corporation (RTX Stock)
Second, RTX Corporation (RTX), previously known as Raytheon Technologies, is an industrial leader specializing in advanced aerospace and defense systems, with a focus on innovative technologies that address some of the world’s most complex challenges.
Earlier this month, RTX announced the day and time it will report its third quarter 2023 financial results. Specifically, the company reported that it will release its Q3 2023 results on Tuesday, October 24, 2023, ahead of the U.S. stock market opening.
Looking at the last month of trading, shares of RTX have dropped 5.08%. Though, as of Monday’s closing bell, RTX Corp stock closed the day up 4.62%. Additionally, during Tuesday morning’s premarket trading session, RTX stock is trading higher by 1.03% at $73.74 a share.
Lockheed Martin (LMT Stock)
Last but not least, Lockheed Martin Corporation (LMT) stands as a global leader in the defense sector, primarily engaged in the research, design, development, and production of advanced technology systems, products, and services, including its renowned fighter jets and missile systems.
Just last week, Lockheed Martin announced it has declared its fourth quarter 2023 dividend. Diving in, the company reported that its Board of Directors has authorized its Q4 2023 dividend of $3.15 per share. Additionally, the dividend is payable on December 29, 2023, to shareholders of record on December 1, 2023. For context, this is the 21st consecutive year Lockheed Martin has increased its dividend.
Moreover, in the last month of trading, shares of LMT stock have begun to rebound by 3.77%. While, during Tuesday’s premarket trading session, Lockheed Martin stock is trading higher by 1.25% at $442.00 per share.
originally posted by: DeathSlayer
LOL
North Korea junk
Most equipment is from WWII.
a reply to: putnam6
According to a 2019 UN report, North Korea has developed a sophisticated criminal network to continue selling arms through a diverse cast of proxies, front companies, and foreign middlemen. In recent years, North Korea became a leading arms supplier to the Houthi movement in Yemen, as well as militant groups in Uganda and Sudan, mainly by funneling its merchandise through a Syrian company registered to arms trafficker Hussein al-Ali. Pyongyang has likewise succeeded in cultivating valuable ties at the highest echelons of the Libyan Defense Ministry, resulting in an arms contract that O Chol Su, the Deputy Minister of DPRK’s Ministry of Military Equipment, described as necessary “for the required defence systems and ammunition needed to maintain stability of Libya.”
North Korea also heads a robust maritime smuggling ring. In what the UN described as the "largest seizure of ammunition in the history of sanctions against the Democratic People's Republic of Korea,” customs officials found a cache with 30,000 rocket-propelled grenades aboard a North Korean vessel en route to Egypt. As it later turned out, the client was none other than the Egyptian Armed Forces themselves; Egypt’s military ordered the North Korean munitions through a complex web of Egyptian business proxies.
originally posted by: DeathSlayer
Yeah I say so.
Former military intelligence officer
North Korean tech is 2 generations behind US tech.
a reply to: putnam6
originally posted by: DeathSlayer
Yeah I say so.
Former military intelligence officer
North Korean tech is 2 generations behind US tech.
a reply to: putnam6
originally posted by: DeathSlayer
Yeah I say so.
Former military intelligence officer
a reply to: putnam6
The sight of North Korea’s chubby leader, Kim Jong Un, shaking hands with Vladimir Putin on September 13th—having travelled by train to a spaceport in Russia’s far east to discuss selling its dictator a stash of North Korean weapons—was remarkable both on its own terms and for what it said about the business of selling arms. The world’s five biggest arms-sellers (America, Russia, France, China and Germany) account for more than three-quarters of exports. But up-and-coming weapons producers are giving the old guard a run for their money. They are making the most of opportunities created by shifting geopolitics. And they are benefiting from the Russian invasion of Ukraine.
Mr Kim’s trip to Russia followed a visit to Pyongyang in July by Sergei Shoigu, Russia’s defence minister, who wanted to see if North Korea could provide gear that would help his country’s faltering war effort. North Korea would love to find buyers for its kit. And few regimes are willing to sell Russia arms. China has so far been deterred from providing much more than dual-purpose chips (although it could yet channel more lethal stuff through North Korea)
originally posted by: carewemust
It's amazing how the wrong person leading the USA is so bad for the world.
ONE MAN.
originally posted by: DeathSlayer
Yeah I say so.
Former military intelligence officer
North Korean tech is 2 generations behind US tech.
a reply to: putnam6
“While access to such stocks may prolong the conflict, it is unlikely going to change the outcome,” he added.
Both Ukraine and Russia have expended massive numbers of shells, and have looked to allies and partners around the world to refill their ammunition stockpiles.
Russia fired 10-11 million rounds last year in Ukraine, a Western official estimated on Friday.
Among the ammunition that the U.S. has provided Ukraine are shells with advanced capabilities, such as the Excalibur, which uses GPS guidance and steering fins to hit targets as small as 3 metres (10 feet) from up to 40km (25 miles) away.
North Korea's offering is likely to be less high-tech but accessing those stocks would likely significantly increase Russia's capabilities in the short term, while North Korean production lines would help in the longer term, said Siemon Wezeman, of the Stockholm International Peace Research Institute.
"Almost none of the ammunition is in any way 'advanced' - it would feed the traditional Russian barrage type use of artillery but not provide Russia with any precision ammunition," he said.
To have minimal stocks for all their artillery in 100mm-152mm calibre would mean North Korea would have at least millions of shells stockpiled, Wezeman said, and just to replenish any ammunition fired in exercises or demonstrations will need some serious production capacities.
The White House has said Russia wants to buy "literally millions" of artillery shells and rockets from North Korea.
QUANTITY OVER QUALITY
According to a 2019 UN report, North Korea has developed a sophisticated criminal network to continue selling arms through a diverse cast of proxies, front companies, and foreign middlemen. In recent years, North Korea became a leading arms supplier to the Houthi movement in Yemen, as well as militant groups in Uganda and Sudan, mainly by funneling its merchandise through a Syrian company registered to arms trafficker Hussein al-Ali. Pyongyang has likewise succeeded in cultivating valuable ties at the highest echelons of the Libyan Defense Ministry, resulting in an arms contract that O Chol Su, the Deputy Minister of DPRK’s Ministry of Military Equipment, described as necessary “for the required defence systems and ammunition needed to maintain stability of Libya.”
originally posted by: WeDemBoyz
Eh, they might as well have sent rocks and slingshots; the NK stuff is no match for the precision weaponry being provided to Ukraine. It might be lethal, but it won't change the longterm face of the conflict.
originally posted by: DeathSlayer
NK has thousands of T54, T55, and T 70 tanks WWII junk.
1 submarine that barely functions
1 battleship that bever leaves port
WWII Artillery pieces
No nukes.
All they have are millions of brain washed soldiers.
I think Texas could possibly kick NK butt.
a reply to: putnam6
originally posted by: Mahogany
a reply to: putnam6
How quickly the lines have been drawn. Just a handful of years ago people were still talking about investing in Russia and businesses were expanding that way.
And now they are closest allies with Iran and North Korea, literally the axis of evil.
originally posted by: Cohen the Barbarian
originally posted by: DeathSlayer
Yeah I say so.
Former military intelligence officer
North Korean tech is 2 generations behind US tech.
a reply to: putnam6
So it's aged out of the ability to kill?