Nuclear weapons manufacturers see stock prices rise in the midst of the Russian-Ukraine war

Since Russia’s invasion of Ukraine, many defenses have risen.

An analyst note from March 2022 from Citi predicts that “the defense [sector] is likely to be increasingly seen as a necessity that facilitates the ESG as a business, as well as maintaining peace, stability and other social benefits. “

Defense companies secure billions of dollars each year from public contracts to maintain and construct nuclear weapons.

Many of these companies like Northrop Grumman, General Dynamics, Lockheed Martin and Raytheon are listed, which means they have millions of shareholders and investors.

“We have seen even the largest defense contractors in the world want to change their business with pressure from the investment community,” said Susi Snyder, financial sector coordinator at the International Campaign to Abolish Nuclear Weapons. “And that pressure comes from ordinary investors.”

The Congressional Budget Office expects the U.S. government to spend $ 634 billion between 2021 and 2030 on nuclear forces. This is an increase of $ 140 billion from the previous estimate of $ 494 billion between 2019 and 2028.

“What is happening in Ukraine reminds us of that [that] sometimes one at least needs non-nuclear weapons, “said David Epstein, a former Wall Street analyst who now focuses on reducing the risk of nuclear weapons through his Cross Capital Initiative.” I think it reminds people “that these defense companies are doing very different things and at least conventional weapons are helping to defend democracy and the welfare of the free world.”

Here are some of the companies that make money on nuclear weapons and how the investing community feels about it.

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