Business | Schumpeter

Despite Ukraine, these aren’t boom times for American armsmakers

Where’s the war bounty?

Camden, a small town in the backwoods of southern Arkansas, is having an unusual brush with the outside world. It is a quiet place. At this time of year there are more Halloween dolls tied to its lampposts than there are people in the streets. It also has a reason to keep its head down. The nearby Highland Industrial Park, which has a few manicured lawns amid thousands of acres of thick forestry, is home to the factories of some of America’s biggest weapons manufacturers, such as Lockheed Martin and Raytheon Technologies. “It’s been kind of a hidden secret,” says Michael Preston, Arkansas’s secretary of commerce. Or as a local businessman whispers, “it’s a fear thing: ‘shhhh’.”

This article appeared in the Business section of the print edition under the headline “Where’s the war bounty?”

A house-price horror show

From the October 22nd 2022 edition

Discover stories from this section and more in the list of contents

Explore the edition

How Trump’s tariffs could crush American carmakers

They must hope the levies do not endure

A squirel in a suit sitting at a desk in front of a computer

The Economist’s office agony uncle is back

Another bulging postbag for Max Flannel


The illustration depicts a surreal figure with a head resembling the Belgian flag, balancing a cityscape on a tray in one hand and holding a car in the other. The figure's body is dressed like a performer, and two smoking exhaust pipes protrude from the ba

The smiling new face of German big business

From Allianz to Zalando, pedlars of services are outdoing industrial firms at home—and foreign rivals abroad


Airbus has not taken full advantage of Boeing’s weakness

That could leave a gap for other planemakers to fill

Zyn is giving investors a buzz—for now

Nicotine pouches are growing fast