The American defense manufacturing companies appear to be benefitting from US led air-strikes in Iraq and Syria against Islamic State.
Bloomberg in September just before airstrikes in Syria reported defense firms Lockheed Martin, Northrop, Raytheon and General Dynamics Corporation are all set to trade at record prices.
With only days into the Syrian war, Investors anticipate rising sales for precision-guided missiles and bombs, and other high-priced weapons, as well as surveillance and reconnaissance equipment, which further signals more business to the defense manufacturers.
The recent wars rely heavily on equipments rather than a ground force. The US would look at intensified airstrikes to keep American troops away from the danger on the ground. The Defense Department estimated that it spent nearly $325 million on procuring close to 200 missiles manufactured by Raytheon, (Tomahawk Land Attack Missiles) for 2015.
The U.S has used a mix of Tomahawk missiles, F-22, F-15, F-16 and F-18 jets dropping precision-guided missiles in the Syrian war.
F-22 Raptor by Lockheed Martin made a combat debut in Syria which costs over $68,000 per hour to operate. Other prices of weapons such as sidewinder missiles, small diameter bombs cost an additional $600,000 and $250,000 each. The Hellfire missile, a precision weapon can be launched from multiple platforms that include Predator drones (General Atomics).
In a report by defense think tank CSBA, it predicts the cost to range between $200 million to $300 million a month if U.S continues moderate airstrikes in both Syria and Iraq.
A contract for the supply of Russian MiG fighters to Syria serves to strike a balance of arms and maintain peace in the region, a top leader of Syrias Popular Front for Change and Liberation told RIA Novosti. "The Soviet Union has always supplied weapons to Syria
Russia will delivery an initial batch of the Yakovlev Yak-130 jet trainers to Syria until the end of 2014, with further plans to fully complete the contract for 36 aircraft in 2016, according to the Kommersant newspaper. Damascus will receive nine aircraft until the end of this year, and in the next two years - 12 and 15 respectively, according to the report
A day after Russian President Putins op-ed in the New York Times opposing U.S
Members of the U.S
The first cell of 50 Rebels trained by CIA in Jordan are sneaking into the warzone to strike back at the Assad regime, U.S
Russia has delivered 1,000 Kornet-9M133 third-generation anti-tank guided missiles to Syria to fight Daesh militants. DEBKAfile reported Six Russian MiG-31 Foxhound interceptor aircraft landed Tuesday at the Mezze Airbase situated in Damascus international airport followed by An-124 Condor transports, which delivered 1,000 Kornet-9M133 third-generation anti-tank guided missiles
Russia has supplied six MiG-31 'Foxhound' interceptor fighter jets to Syria. The six aircraft are part of the 2007 deal signed between Russian and Syria featuring sale of eight MiG-31 supersonic fighter jets, Turkish BGN news reported Sunday
Iraq will not take delivery of 36 F-16 fighter aircraft after the United States expressed security concerns surrounding the delivery of the aircraft. Instead, the Pentagon will send them to Tucson, Arizona where the Iraqi pilots are training
The US Defense Security Cooperation Agency (DSCA) has approved sale worth $600 million worth M1A1 Abrams tank ammunition, equipment, parts and logical support to Iraq, the agency reported Monday. “This proposed sale will contribute to the foreign policy and national security of the United States by helping to improve the security of a strategic partner,” the DSCA Monday report read
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