"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.