<
https://theconversation.com/ukraine-the-worlds-defence-giants-are-quietly-making-billions-from-the-war-178806>
"The Russian invasion of Ukraine has been widely condemned for its unjustified
aggression. There are legitimate fears of a revived Russian empire and even a
new world war. Less discussed is the almost half trillion dollar (£381 billion)
defence industry supplying the weapons to both sides, and the substantial
profits it will make as a result.
The conflict has already seen massive growth in defence spending. The EU
announced it would buy and deliver €450 million (£375 million) of arms to the
Ukraine, while the US has pledged US$350 million in military aid in addition to
the over 90 tons of military supplies and US$650 million in the past year
alone.
Put together, this has seen the US and Nato sending 17,000 anti-tank weapons
and 2,000 Stinger anti-aircraft missiles, for instance. An international
coalition of nations is also willingly arming the Ukrainian resistance,
including the UK, Australia, Turkey and Canada.
This is a major boon for the world’s largest defence contractors. To give just
a couple of examples, Raytheon makes the Stinger missiles, and jointly with
Lockheed Martin makes the Javelin anti-tank missiles being supplied by the
likes of the US and Estonia. Both US groups, Lockheed and Raytheon shares are
up by around 16% and 3% respectively since the invasion, against a 1% drop in
the S&P 500, as you can see in the chart below.
BAE Systems, the largest player in the UK and Europe, is up 26%. Of the world’s
top five contractors by revenue, only Boeing has dropped, due to its exposure
to airlines among other reasons."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
