Profits From Syrian Airstrikes Will Churn Your Stomach

In The Young Turks on YouTube by Hlarson0 Comments

 

“Airstrikes against ISIS in Iraq and Syria have served as launching point for far more than missiles. Those military decisions cost the U.S. millions of dollars a day, and defense contractors pocket much of that money. (Video via U.S. Navy)

Bloomberg reports in mid-September just ahead of airstrikes in Syria, defense firms Lockheed Martin, Northrop, Raytheon and General Dynamics Corporation all set stock price records.

A chief investment officer based out of Chicago said, “To the extent we can shift away from relying on troops and rely more heavily on equipment — that could present an opportunity.”

“Presenting an opportunity” is the kind of wording to make anti-war advocates cringe, but there’s no doubt the companies and their shareholders are making money off the unusually large number of conflicts around the world.”* The Young Turks host Cenk Uygur breaks it down.

*Read more here from Cliff Judy / KTVU:
http://www.ktvu.com/news/news/national/airstrikes-are-big-business-defense-companies/nhX2C/

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