Monday, March 1, 2021

Tag: “If You Are Wondering Who Benefits”: Weapons Makers Stocks Surge as US Risks War With Iran

“If You Are Wondering Who Benefits”: Weapons Makers Stocks Surge as US Risks War With Iran

by Jake Johnson, Activist Post:

Almost immediately after the United States assassinated Iranian General Qassem Soleimani in a drone strike Thursday night, major American weapons manufacturers and defense contractors—from Northrop Grumman to Lockheed Martin to Raytheon—saw their stocks surge as investors sensed the growing likelihood of another costly and deadly war in the Middle East.

As the Los Angeles Times reported, “Even as the broader Standard and Poor’s 500 index lost ground, the S&P Aerospace & Defense Select Industry index climbed 1.8% on Friday.”