Global defence groups hiring at fastest rate in decades amid record orders

finance
Created 6/16/2024
Updated 6/16/2024

Global defense companies are hiring at the fastest rate since the Cold War, driven by near-record order volumes and increased military spending due to geopolitical tensions like the Russia-Ukraine conflict. Major US contractors like Lockheed Martin and Northrop Grumman have thousands of job openings, with 20 surveyed companies seeking nearly 37,000 new hires. Demand spans engineers, software developers, cybersecurity analysts, welders, and mechanics. Factors include competition for digital skills and COVID-era labor shortages. Companies like Leonardo, Rheinmetall, and Thales are aggressively recruiting to meet rising demand, with some establishing specialized training academies to address skill shortages.

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