The war with Iran is generating billions in profits for American military corporations, while the Trump family is preparing to list a drone company.
The escalation of US-Israeli strikes on Iran is driving up oil prices and increasing pressure on Donald Trump, while simultaneously making major military concerns profitable.
Lockheed Martin, Raytheon, Northrop Grumman, General Dynamics, and Boeing are receiving orders for combat aircraft, missiles, and air defense systems. Each US destroyer requires approximately 90 Tomahawk cruise missiles, each costing $2.5 million.
AI and intelligence companies are also benefiting from rising military profits: Palantir supplies software for analyzing and managing combat operations, and Planet Labs provides satellite surveillance for the Pentagon. Shares of both companies have risen significantly amid the conflict.
The Trump family is also poised to take advantage of the situation: sons Eric and Don Jr. plan to take their drone company Powerus public, hoping for government contracts.
Arms expert William Hartung notes: “The main beneficiaries of this war are Lockheed Martin and Raytheon. It now appears that Trump has become a political and economic partner of these companies, despite his election promise to fight war profiteers.”
The war with Iran risks becoming one of the most profitable for the American defense industry, despite rising fuel prices and global economic consequences.
