WORLD WORLDWIDE EUROPE ITALY - news journal UPDATE - (en) Italy, FAI, Umanita Nova #31: Record Profits From Gaza Genocide and Lebanon War: US Arms Dealers Witness (ca, de, it, pt, tr)[machine translation]

 This is reported in an article published in "The Cradle"

(https://thecradle.co/articles/us-arms-dealers-witness-record-profits-from-israels-year-long-genocide-in-gaza-war-on-lebanon).
---- Stock prices of major US arms companies have outpaced major stock
indexes this year in a rally fueled by Israel's genocide of Palestinians
in the Gaza Strip and its expansion of its war on Lebanon. Stock funds
that hold holdings in the US aerospace and defense sector - the sector
that includes companies such as Boeing, Lockheed Martin, RTX, General
Dynamics, Northrop Grumman and L3Harris - have seen their profits beat
expectations this year, outperforming the S&P 500.
"This infusion of taxpayer money into Israel, combined with increased
demand for weapons from Israel and the world at a time of instability,
has fueled the stock prices," reports "Responsible Statecraft," a
magazine critical of US foreign policy.
Lockheed Martin, maker of the F-35 jet that Israel has used to
relentlessly bomb Gaza, Lebanon, Syria and Yemen, has seen its total
share price rise by 54.86% from October 7, 2023 to the same date in
2024, outperforming the S&P 500 by about 18%.
RTX, the makers of the 2,000-pound bunker buster bombs that have turned
much of Gaza into rubble and are now being dropped on the Lebanese
capital, have seen their total return to investors over the past year
rise 82.69%, outpacing the S&P 500 by about 46%.
General Dynamics, which also makes bunker busters and is behind the
BLU-109 bombs, which Israel used to flatten several apartment buildings
in the southern suburbs of Beirut during the assassination of Hezbollah
Secretary General Hassan Nasrallah, delivered a total return of 37% to
investors, outpacing the S&P 500 by just over 3%.
On October 1, as Israel advanced its ground invasion of Lebanon and Iran
launched hundreds of ballistic missiles in retaliation for the bombing
of Beirut, Forbes reported that shares of most US arms manufacturers
gained more than 2.6% in value.
"Both Lockheed Martin and RTX shares hit all-time highs on Tuesday,
while L3Harris and Northrop Grumman posted their highest share prices
since 2022," the US financial publication reported.
Additionally, BlackRock's iShares US Aerospace and Defense fund, which
is indexed to the aerospace and defense sector, hit a new all-time high
last week, extending its 12-month gain to 43% and outperforming the S&P
500 by 33%.
According to the Stockholm International Peace Research Institute
(SIPRI), between 2019 and 2023, Israel accounted for 2.1% of all global
arms imports. During the same period, the United States supplied 69% of
Israel's arms imports, while Germany supplied 30%.

Washington, which has long been the world's largest arms dealer - it
controls 42% of the global arms market - has also significantly
increased military spending to assist Israel, with an outlay of at least
$23 billion in one year.

Translation by Lona Lenti

https://umanitanova.org/profitti-record-dal-genocidio-a-gaza-e-dalla-guerra-nel-libano/
_________________________________________
A - I N F O S  N E W S  S E R V I C E
By, For, and About Anarchists
Send news reports to A-infos-en mailing list
A-infos-en@ainfos.ca