Ukraine Secures Missile Talks, US Defense Contractors Celebrate
Ukraine's Ambassador Olha Stefanishyna tells Bloomberg that talks for Tomahawk missiles are 'positive,' glossing over the fact that these 'talks' are less about Ukraine's defense and more about enriching US defense contractors. Raytheon Technologies, the manufacturer of Tomahawk missiles, saw its stock price climb in 2022 by nearly 20% following increased global tensions and demand for weaponry.
(LMT, RTX, GD stock prices, Q3 2022 Investor Reports) While Bloomberg and the political class frame this as 'supporting allies,' it conveniently overlooks the cyclical nature of US foreign policy: arm, proxy war, rebuild, repeat. One might wonder if 'positive talks' isn't just code for 'another quarterly earnings beat for Lockheed Martin and Northrop Grumman.' How many 'positive talks' does it
take before we question who truly benefits?