SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Raytheon Chief Executive Tom Kennedy told a weapons industry conference that he is seeing "a significant uptick" for "defense solutions across the board in multiple countries in the Middle East." (Photo: Laura Buckman/AFP/Getty Images)
Defense Contractors Cite "Benefits" of Escalating Conflicts in the Middle East
Major defense contractors Raytheon, Oshkosh, and Lockheed Martin assured investors at a Credit Suisse conference in West Palm Beach this week that they stand to gain from the escalating conflicts in the Middle East.
Lockheed Martin Executive Vice President Bruce Tanner told the conference his company will see "indirect benefits" from the war in Syria, citing the Turkish military's recent decision to shoot down a Russian warplane.
Dec 05, 2015
Major defense contractors Raytheon, Oshkosh, and Lockheed Martin assured investors at a Credit Suisse conference in West Palm Beach this week that they stand to gain from the escalating conflicts in the Middle East.
Lockheed Martin Executive Vice President Bruce Tanner told the conference his company will see "indirect benefits" from the war in Syria, citing the Turkish military's recent decision to shoot down a Russian warplane.
The incident, Tanner said, heightens the risk for U.S. military operations in the region, providing "an intangible lift because of the dynamics of that environment and our products in theater." He also stressed that the Russian intervention would highlight the need for Lockheed Martin-made F-22s and the new F-35 jets.
And for "expendable" products, such as a rockets, Tanner added that there is increased demand, including from the United Arab Emirates and Saudi Arabia because of the war in Yemen.
Read the full article at The Intercept.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets. That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done. Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good. Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support. That's not just some fundraising cliche. It's the absolute and literal truth. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. Will you donate now to help power the nonprofit, independent reporting of Common Dreams? Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most. - Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Lee Fang
Lee Fang is an investigative journalist and staff writer for The Intercept. He also founded the Republic Reform blog and is a frequent contributor to The Nation. He was previously a reporting fellow with The Investigative Fund at The Nation Institute, former Senior Investigator for United Republic, and a former investigative blogger for ThinkProgress.org. He is author of "The Machine: A Field Guide to the Resurgent Right" (2013). Follow him on Twitter: @lhfang
Zaid Jilani
Zaid Jilani is a journalist for The Intercept. He has previously worked as a reporter-blogger for ThinkProgress, United Republic, the Progressive Change Campaign Committee, and Alternet.
Major defense contractors Raytheon, Oshkosh, and Lockheed Martin assured investors at a Credit Suisse conference in West Palm Beach this week that they stand to gain from the escalating conflicts in the Middle East.
Lockheed Martin Executive Vice President Bruce Tanner told the conference his company will see "indirect benefits" from the war in Syria, citing the Turkish military's recent decision to shoot down a Russian warplane.
The incident, Tanner said, heightens the risk for U.S. military operations in the region, providing "an intangible lift because of the dynamics of that environment and our products in theater." He also stressed that the Russian intervention would highlight the need for Lockheed Martin-made F-22s and the new F-35 jets.
And for "expendable" products, such as a rockets, Tanner added that there is increased demand, including from the United Arab Emirates and Saudi Arabia because of the war in Yemen.
Read the full article at The Intercept.
Lee Fang
Lee Fang is an investigative journalist and staff writer for The Intercept. He also founded the Republic Reform blog and is a frequent contributor to The Nation. He was previously a reporting fellow with The Investigative Fund at The Nation Institute, former Senior Investigator for United Republic, and a former investigative blogger for ThinkProgress.org. He is author of "The Machine: A Field Guide to the Resurgent Right" (2013). Follow him on Twitter: @lhfang
Zaid Jilani
Zaid Jilani is a journalist for The Intercept. He has previously worked as a reporter-blogger for ThinkProgress, United Republic, the Progressive Change Campaign Committee, and Alternet.
Major defense contractors Raytheon, Oshkosh, and Lockheed Martin assured investors at a Credit Suisse conference in West Palm Beach this week that they stand to gain from the escalating conflicts in the Middle East.
Lockheed Martin Executive Vice President Bruce Tanner told the conference his company will see "indirect benefits" from the war in Syria, citing the Turkish military's recent decision to shoot down a Russian warplane.
The incident, Tanner said, heightens the risk for U.S. military operations in the region, providing "an intangible lift because of the dynamics of that environment and our products in theater." He also stressed that the Russian intervention would highlight the need for Lockheed Martin-made F-22s and the new F-35 jets.
And for "expendable" products, such as a rockets, Tanner added that there is increased demand, including from the United Arab Emirates and Saudi Arabia because of the war in Yemen.
Read the full article at The Intercept.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.