Here's why Trumps are so giddy about this war -- look at stocks of weapons manufacturers

[Grasswire2]

This is why he shared this news ahead of the event with his cronies...

[link:https://www.commondreams.org/news/2020/01/04/if-you-are-wondering-who-benefits-weapons-makers-see-stocks-surge-trump-moves-closer?utm_campaign=shareaholic&utm_medium=referral&utm_source=facebook&fbclid=IwAR1b74ZI4KQt22OsCjkU4en9Ch61CZK-bO8ArME9n5d8wy8Ofi6qqZO0m8g|

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."

According to the Times:

Northrop Grumman Corp. stock jumped 5.4%. Based in Falls Church, Va., Northrop Grumman makes such aircraft as the B-2 bomber and the upcoming B-21 bomber and is the sole bidder to build the next generation of intercontinental ballistic missiles.

AeroVironment Inc. advanced 6.9%. The Simi Valley company makes small, short-range reconnaissance drones that U.S. soldiers use. The increase in troop deployment to the Middle East could mean more business for AeroVironment, said Ken Herbert, managing director with investment banking and financial services firm Canaccord Genuity.

Shares of Lockheed Martin Corp., which makes the F-35 fighter jet, climbed 3.6%. Missile and radar technologies maker Raytheon Co.'s stock rose 1.5%.

The surge in defense stocks was readily highlighted on corporate television programs like Fox Business and in publications like Investor's Business Daily, which noted that "Northrop Grumman (NOC) and Lockheed Martin (LMT) were big winners in Friday's stock market trading, along with Raytheon stock."

[burrowowl]

1. As Smedley Butler said

war is a racket, yes he is right it makes capitalists richer on the backs of the people.

[duforsure]

2. Or is he giddy because

They pre planned this strike , and probably had others for them invest a lot of money before this happened for profits in stocks and oil futures. I think there wasn't a dire threat at all , and this was designed to replace his impeachment news with war against Iran , and to make money from it , and for putin to profit from it from oil prices shooting upward, While the American people get stuck with huge energy costs increases , and costs and cut backs for all social programs from increased war funding jumping the deficit even higher. This is corrupt foreign policy, and for profits, not for this country, and putin and trump hoped this would help trump get re-elected , but its making more people run away from trump and the corrupt loyalist republicans party.

[machI]

3. The top U. S. Defense companies

Lockheed Martin
Boeing
Northrop Grumman
Raytheon Company
General Dynamics
United Technologies
L3 Technologies
Huntington Ingalls Industries
Leidos
Booz Allen Hamilton
Honeywell
Harris Corporation
GE Aviation
Bechtel
AECOM
Textron Inc.
CACI International Inc.
Perspecta Inc.
Jacobs
SAIC
KBR
Aerojet Rocketdyne Holdings, Inc.
Oshkosh Defense
DynCorp International
Fluor
Sierra Nevada Corp.
ManTech International
TransDigm
Vectrus
PAE
Curtiss-Wright
ViaSat
Ball Aerospace
Moog Inc.
Teledyne
Cubic
Mercury Systems
Telephonics Corporation

Companies like Booz Allen Hamilton and Bechtel are general services contractors. They have their fingers in everybody's pie.