http://www.ibtimes.com/strike-syria-could-mean-big-profits-defense-contractor-raytheon-1401831
A United States attack on Syria is a scary prospect for most people, but it could mean a huge profit for a handful of defense contractors like Raytheon (NYSE: RTN), which manufactures the powerful Tomahawk cruise missiles.In response to a possible attack against Syrian President Bashar al-Assad, Raytheon stock prices have skyrocketed, reaching a 52-week high of $77.93 per share earlier in the week. Shares continue to remain high, currently sitting at $75.68.It’s not hard to see why. Individual Tomahawk missiles sell somewhere around $1 million per missile, and given the fact that a military intervention against al-Assad would almost assuredly involve multiple Tomahawk strikes against key Syrian compounds, Raytheon stands to make tens of millions of dollars in in initial strike alone.In fact, the possibility of an attack on Syria has some lawmakers hoping to increase the annual order of Tomahawk missiles, whether or not military intervention actually occurs.“There are many of us who have been concerned for years about maintaining our missile capabilities,” Rep. Rob Bishop (R-Utah), a member of the House Armed Services Committee, explained to Politico.This fiscal year, the United States is budgeted to purchase 196 million Tomahawk missiles with a total bill of $320 million, but Bishop says that may not be enough. He’s concerned about possibly running out of missiles and being left unprepared during a needed assault.“Cruise missiles are heavily used, particularly so often at the start of any conflict, as sort of the way to open the door,” Bishop said. “When you reduce funding or diminish demand in many of these programs, you really endanger the capability to maintain this missile capability at all.”Others in the defense industry share Bishop’s concerns.“It’s not like there are huge stockpiles of Tomahawks lying around in a warehouse somewhere,” an anonymous congressional defense source told Politico.“We have one hot production line that operates at a steady, but modest, capacity out in Arizona,”(Mccains State!!!) the source continued. “When we use 50, 100, 150 of these it can create near-to-medium-term shortfalls that may cascade and affect our conventional strike capacity in other theaters.”
[ed notes:of course the biggest production line for raytheons tomahawks is based out of arizona,mccains state,wich of course will bring his state jobs there,wich will bring him political contributions of course,if he can get around the congressional demanded defense budget cuts,wich he just last year decried..see...
mccain at raytheon |
McCain cited a study estimating that the impact of defense-spending sequestration on Arizona would include thousands of layoffs and a $3 billion loss to Arizona's gross state product. "I think Congress made a big mistake, and I think we need to fix it," McCain said, adding that President Obama should call congressional leaders to the White House to craft a fix. At the same time, "we're living in an increasingly dangerous world," McCain said, citing Iran's development of nuclear weapons and its vow to destroy Israel. Iran also is supporting terrorism and "is on the ground in Syria," helping the Assad regime to kill thousands of opponents, McCain said. China continues to make hostile moves toward Taiwan, he said, and the al-Qaida terrorist network continues to survive despite setbacks including the killings of key leaders. [ed notes:...so much for conflicts of interest....initial top article in IB, via [edmont dantes]...now who else is leading charge to war on Syria?skull and bonesman kerry,and whats he going to reap from it?ALOT!!!
According to reports from http://www.opensecrets.org/news/2008/04/strategic-assets.html
in 2006, 151 members of Congress had $195.5 million invested in defense corporations. Their average net worth was $910,000 compared to $100,000 for American families in general. Over 50 range between $5 million and $190 million. John Kerry is at the top end of the scale.
Member of Congress | Minimum Value of Investment | Maximum Value of Investment |
Sen. John Kerry (D-Mass) |
$28,872,067
|
$38,209,020
|
Has The War Machine Bought Congress? Ten Members Own Raytheon Shares http://www.politicususa.com/2013/08/31/ten-members-congress-raytheon-shares-republicans.html
According to reports from OpenSecrets.org, in 2006, 151 members of Congress had $195.5 million invested in defense corporations. Their average net worth was $910,000 compared to $100,000 for American families in general. Over 50 range between $5 million and $190 million. John Kerry is at the top end of the scale.
For the psychopaths on Capitol Hill, each new military escapade is a lottery windfall. - See more at: http://henrymakow.com/congressmen_personally_profit.html#sthash.ShtgXhqd.dpuf
For the psychopaths on Capitol Hill, each new military escapade is a lottery windfall. - See more at: http://henrymakow.com/congressmen_personally_profit.html#sthash.ShtgXhqd.dpuf
According to reports from OpenSecrets.org, in 2006, 151 members of Congress had $195.5 million invested in defense corporations. Their average net worth was $910,000 compared to $100,000 for American families in general. Over 50 range between $5 million and $190 million. John Kerry is at the top end of the scale.
For the psychopaths on Capitol Hill, each new military escapade is a lottery windfall. - See more at: http://henrymakow.com/congressmen_personally_profit.html#sthash.ShtgXhqd.dpuf
For the psychopaths on Capitol Hill, each new military escapade is a lottery windfall. - See more at: http://henrymakow.com/congressmen_personally_profit.html#sthash.ShtgXhqd.dpuf
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