When the New York Stock Exchange opened Monday morning, less than three days after terrorists attacked in Paris, five leading American weapons manufacturers saw their stock prices jump. On Monday, nearly as soon as the markets opened, stocks for weapons manufacturers began to soar — Raytheon, Northrop Grumman, Lockheed Martin, General Dynamics and Thales saw increases in a day that was rather calm for the rest of the market.
Shares of Lockheed Martin, known for its Hellfire missiles and its lead role in the troubled $1.5 trillion F-35 project, jumped 3.5 percent. Raytheon, manufacturer of Tomahawk missiles used in air strikes against ISIS, climbed 4.1 percent. Northrop Grumman, which in October landed a $55 billion deal to build the next stealth bomber, saw a 4.4 percent rise. Both General Dynamics, maker of F-16s, and Boeing, whose Small Diameter Bombs and Joint Direct Attack Munitions have been used in the air campaign against ISIS, ended the day with increases of 1.9 and 1.3 percent, respectively. On the first day of trading after the Paris attacks, the Dow Jones average rose slightly less than 1.5 percent.
No comments:
Post a Comment