{"id":28971,"date":"2023-10-10T12:04:17","date_gmt":"2023-10-10T19:04:17","guid":{"rendered":"https:\/\/occupysf.net\/?p=28971"},"modified":"2023-10-10T12:04:18","modified_gmt":"2023-10-10T19:04:18","slug":"war-profiteers-stocks-soar-as-israel-bombs-gaza","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2023\/10\/10\/war-profiteers-stocks-soar-as-israel-bombs-gaza\/","title":{"rendered":"War Profiteers’ Stocks Soar as Israel Bombs Gaza"},"content":{"rendered":"\n
\"gaza<\/figure>\n\n\n\n

Palestinians inspect the damage to the Al-Sussi Mosque and their homes following Israeli air strikes in the Al-Shati Palestinian refugee camp on October 9, 2023 in Gaza City.<\/p>\n\n\n\n

\u00a0(Photo: Ahmad Hasaballah\/Getty Images)<\/p>\n\n\n\n

“As countries need to replenish their weapons, we do think defense companies will do very well,” said one expert.<\/h2>\n\n\n\n

JESSICA CORBETT<\/a><\/p>\n\n\n\n

Oct 09, 2023 (CommonDreams.org)<\/a><\/p>\n\n\n\n

“War is good for business.”<\/p>\n\n\n\n

That’s what one defense executive said<\/a> at a London arms conference last month, and what the stock market reflected on Monday, as Israel blockaded<\/a> and bombarded the Gaza Strip\u2014bombing<\/a> the occupied Palestinian territory’s main university, residential buildings, a refugee camp, and a major hospital\u2014in response to Hamas’ weekend attack<\/a> that killed hundreds of Israelis.<\/p>\n\n\n\n

The United States, which already gives Israel $3.8 billion in annual military assistance, is now preparing<\/a> to send additional weaponry and other support. Meanwhile, the stocks of U.S. and European firms that make money off of war soared on Monday.<\/p>\n\n\n\n

U.S. companies including Lockheed Martin, Northrop Grumman, and RTX\u2014previously known as Raytheon<\/a>\u2014were all affected, as were top British, French, Germany, and Italian firms, according to<\/a>The Wall Street Journal<\/em>.<\/p>\n\n\n\n

Fox Business<\/em>reported<\/a> that “shares of General Dynamics, which makes submarines and combat vehicles, rose the most since March 2020 when it gained over 9%.”<\/p>\n\n\n\n

Defense stocks jump https:\/\/t.co\/JSGpPrT5MO<\/a> pic.twitter.com\/5O0NQQrL62<\/a><\/p>— Jeff Stein (@JStein_WaPo) October 9, 2023<\/a><\/blockquote>