Wednesday, May 9, 2018

US weapons manufacturers' stock price soars as Trump pulls out of Iran deal

Lockheed Martin
While President Donald Trump’s decision to pull the US out of the Iran nuclear deal has been negatively criticized by most of the international community it has brought good news for some. Weapons manufacturers.

The stock price of all of the top US weapons manufacturers shot up just as Trump announced he’s pulling his country out of the pact which lifted sanctions on Iran in exchange for Tehran limiting its nuclear program.

Northrop Grumman’s stock price took the largest leap and the aerospace and defense technology company has maintained those gains, rising more than 12 points (3.8 percent) since Trump’s announcement.

Lockheed Martin is up 6.4 points (2 percent) while Raytheon’s price rose 5.3 points (2.55 percent). Boeing also gained more than three points, it was unable to maintain those advances however it is still up two points on its price before Trump said the US was exiting the 2015 deal.
  RT
 9/5/18

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