Arms manufacturers’ stocks surge worldwide following Hamas attack
The surprise attack by Hamas had devastating consequences for the towns and cities surrounding Gaza, delivering a severe blow to the IDF and Israel at large. Paradoxically, for arms manufacturers worldwide, the outbreak of war in Gaza triggered a surge in their stocks.
For instance, the shares of American defense giant Lockheed Martin, with a market value of $110 billion and the manufacturer of the F-35 and the F-16 aircraft, soared by 8.6% in New York over the last five days. Raytheon, which produces radar and missile systems, including Iron Dome interceptor missiles, valued at $106 billion, saw its shares rise by 4.7%. Northrop Grumman, specializing in air and radar systems, experienced an 8.1% share increase to a total value of $71…
