Tag Archives | Boeing

Growing global conflict a bonanza for arms makers

Hellfire missile maker Lockheed-Martin has been among the defence companies to experience share price gains. Photo: US Air Force

Hellfire missile maker Lockheed-Martin has been among the defence companies to experience share price gains. Photo: US Air Force

via The Sydney Morning Herald:

Geopolitical instability has left many global corporations jittery.

But the world’s biggest arms producers are doing well, with shares of the top 12 publicly listed firms – based on a list by the Stockholm International Peace Research Institute – rising by almost 30 per cent on average in the last year.

Stock price data on the 12 companies reveal most have benefitted in a year in which the number of conflict zones in Europe, the Middle East and Africa has risen.

While some companies have under-performed during the period, many have risen by more than 50 per cent.

The average share rise of 30 per cent compares to a 9.3 per cent gain by the Dow Jones Industrial Average.

The top 12 listed arms producers include companies such as Boeing, which makes commercial aircraft as well as defence and missile systems.

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You Can Be A Patriot or a Profiteer…But You Can’t Be Both

This week, the three military contractors that do the most business with the Pentagon announced their quarterly profits for 2012. Their profits continue to grow while they push Washington, D.C. to protect their budgets at the expense of the rest of us. Here’s the breakdown so far for this year: This week's announcement raises a fundamental question: Should people and companies be allowed to make huge profits from war? Even raising this question in today’s environment may seem trite, but we used to have different answers than those that prevail in modern-day Washington, D.C....
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