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Arms giants see stocks rocket after Syrian airstrikes vote

RT | December 3, 2015

The share prices of major international arms traders jumped in the wake of the British parliament’s decision to extend its aerial bombing campaign against Islamic State (IS, formerly ISIS/ISIL) from Iraq into Syria.

Stock values at BAE Systems, Airbus, Finmeccanica and Thales all soared as trading began on Thursday morning, CommonSpace reports. It comes as Britain prepares to spend millions more on its war with IS, and as an international collaboration against the terror group looks ever more likely.

BAE Systems leapt four points at the start of trading on Thursday. The jump comes as the arms trader’s value increased by 14 percent following the terror attacks in Paris which left 130 dead and over 300 injured.

Britain announced it is boosting its military spending and introducing a range of new security measures in the wake of the Paris attacks.

Aircraft firm Airbus, which develops the British Typhoon fighter jet, is also trading 1.5 percent up since the stock market opened on Thursday.

Italian arms dealer Finmeccanica has also seen its shares rise by 2 percent.

Andrew Smith of Campaign Against Arms Trade told CommonSpace that arms companies are cashing in on the bloodshed.

“Unfortunately, where most of us see war and destruction, the arms companies see a business opportunity. It is conflict and military intervention that fuel arms sales, and companies like BAE are only too happy to cash in from it. These companies don’t care who uses their weapons or the damage they cause, the only thing they care about is profit.”

Prime Minister David Cameron warned on Thursday that British military action in Syria will be complex and take a long time.

“This is going to take time. It is complex and it is difficult what we are asking our pilots to do, and our thoughts should be with them and their families as they commence this important work,” he added.

On Wednesday evening British bombers hit seven IS targets in eastern Syria, including oil fields used to supply the terror group with vital funds.

Defence Secretary Michael Fallon said the airstrikes had dealt IS “a real blow,” and added that British planes would not initially be targeting urban areas like Raqqa.

“I can confirm that four British Tornados were in action after the vote last night attacking oil fields in eastern Syria – the Omar oil fields – from which the Daesh (IS) terrorists receive a huge part of their revenue.”

“This strikes a very real blow at the oil and the revenue on which the Daesh terrorists depend,” he told the BBC.

December 3, 2015 - Posted by | Corruption, Economics | , , , , , , ,

3 Comments »

  1. Given the seemingly endless intrusion into other sovereign countries by the USA and Britain in the recent past, I wonder why they thought Hitler was SUCH a Bastard?
    It seems that “Freedom and Democracy” is not such a good thing after all………………

    Comment by Brian Harry, Australia | December 3, 2015 | Reply

    • Having learned that not only Iran, but Iraq as well, supported the Axis powers until defeated by the UK, and that the Nazis integrated the Arab and Iranian soldiers into their army, I have come to view the Axis as a resistance to imperialism and even racism. Remember that US and UK had segregated forces at the time.

      Why did Thailand support Japan? Why did Indians resisting colonialism rise up in arms against their masters?

      Of course this does not mean that the Axis powers were saints, just perhaps more progressive that the Allies.

      We must admit that the empire rules through terror of violence and that they are after global domination, the same malign goal that caused them to foment WWII.

      Was restoring Indochina to French rule a “good war”? Of course not.

      Comment by aletho | December 3, 2015 | Reply

      • I was talking about the ‘recent past’………..WWII was 70 years ago……………

        Comment by Brian Harry, Australia | December 3, 2015 | Reply


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