Military Contractors Are Framing the Israeli War on Gaza as a Win for Investors

This week, arms industry executives at both Raytheon and General Dynamics spoke candidly about how Israel’s war on Gaza will be good for business.

Israeli airstrikes continue on the 16th day in Gaza

An aerial view of destruction after an Israeli attack in Nuseirat camp, Gaza Strip, on October 22, 2023. (Ashraf Amra / Anadolu via Getty Images)


Two of America’s largest defense contractors told investors this week that Israel’s brutal war on Gaza will be good for business — with one executive predicting its recent fourfold increase in artillery production will not be enough to meet additional demand.

In the weeks since Hamas fighters massacred 1,400 Israeli civilians and kidnapped two hundred hostages, Israel has pounded the Gaza Strip with thousands of bombs — killing at least 7,300 Palestinians — and cut off food, water, fuel, and electricity to residents. In advance of a ground invasion, Israel has demanded more than a million people evacuate northern Gaza — an order the United Nations said would be “impossible . . . without devastating humanitarian consequences.”

The United States provides billions in aid to Israel every year, and President Joe Biden recently requested $14 billion in new funding for US military aid for Israel, in addition to $61 billion for Ukraine to help the country combat an invasion from Russia.

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