War Profiteers' Stocks Soar as Israel Bombs Gaza

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'As countries need to replenish their weapons, we do think defense companies will do very well,' said one expert.

'War is good for business.' That's what one defense executive said at a London arms conference last month, and what the stock market reflected on Monday, as Israel blockaded and bombarded the Gaza Strip—bombing the occupied Palestinian territory's main university, residential buildings, a refugee camp, and a major hospital—in response to Hamas' weekend attack that killed hundreds of Israelis. The United States, which already gives Israel $3.

'Less than two months after Russia's invasion last year, William Hartung, a senior research fellow at the Quincy Institute for Responsible Statecraft, highlighted how such conflicts benefit the arms industry, writing for TomDispatch that 'the war in Ukraine will indeed be a bonanza for the likes of Raytheon and Lockheed Martin.

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