Weapons Industry : The Israel-Palestine war began over a month ago, over 10,000 lives have been lost already. Surprisingly, amidst this tragedy, certain entities are benefiting significantly— American weapons manufacturers. Since the war began, the stocks of these companies have surged by $30 billion.
The two major defense contractors in America Raytheon And General Dynamics have unabashedly informed investors that the war in Israel would be financially advantageous. Other arms manufacturers like Lockheed Martin and Northrop Grumman have experienced substantial stock gains over the past three years.
Lockheed Martin produces F-35 Lightning II fighter jets used by Israel, as well as Black Hawk helicopters, Northrop Grumman produces submarines and combat vehicles. Israel signed a $3 billion deal in July to buy these F-35 fighter jets.
