Military Contractors Raytheon, Lockheed Martin See Stock Prices Soar Amid Iran Crisis
January 6th, 2020Related: They Made a Killing: The Use of Knowledge of Covert Operations in the Stock Market
Via: Mint Press:
War. Motown singer Edwin Starr claimed it was nothing but a heartbreaker and good news only for the undertaker. But another group rubbing their hands at increased tensions with Iran are military contractors, who saw their stock prices soar at the increased chance of conflict.
Lockheed Martin, famous for its fighter planes, helicopters and missiles, saw its stock price spike to over $416, a jump of seven percent almost overnight. Other defense corporations like Raytheon and General Dynamics saw similar increases in their companies’ value. Meanwhile, Northrop Grumman saw a nine percent rise in its share price, as the stock market rushed to buy a piece of a highly profitable company.
