Bloody Business: Arms Manufacturers’ Stock Prices Soar After Paris Attacks
Sputnik – 17.11.2015
On the first market day after Friday’s deadly attacks in the French capital, stock shares for major defense contractors shot sky-high. Coincidence?
While military experts worldwide are predicting an escalation of the war against the self-proclaimed Islamic State terror group, wheeler-dealers on Wall Street seem to be expecting big-time gains from intensified military campaigns.
Northrop Grumman, recently awarded the contract for the US’ next-generation long-range strike bomber, was up more than 4.4% at the close of the NYSE Monday.
Raytheon, known for its guided missiles among other things, was up at least 4.20%.
Lockheed Martin, another leader in the industry with its F-35, F-22, F-16, F-117, and C-130s saw shares grow more than 3.53%.
Oshkosh Corporation, the leading truck producer for the US Marines and Army, was up over 2.86%.
Boeing, manufacturer of the Tomahawk cruise missile, F-18 fighters, and CH-47 Chinook helicopters, gained some 1.28%.
The French-based multinational Thales Group, famous for its electronics, shows 3.3% growth, even though the general France’s index has been down the whole day.
The Italian helicopter and weapons systems’ producer Finmechanica has gained 2.7%.
The British BAE Systems, which builds destroyers, assembles and contributes to design of multiple fighters at home and oversees, shows almost 2.2% growth.
Along with arms producers, other companies, in particular those considered surveillance state profiteers, showed fast growth. Shares in Booz Allen Hamilton, for instance, gained over 3.4% on Monday.
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