Lockheed and Raytheon – today’s ‘Masters of War’
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“Come, you masters of war; You that build the big guns; You that build the death planes; You that build all the bombs; You that hide behind walls; You that hide behind desks; I just want you to know; I can see through your masks.” From Bob Dylan’s iconic song, “Masters of War,” released in 1963. It

On Feb. 24, the day Russia invaded Ukraine, the stock value of these arms manufacturers soared. Raytheon and Lockheed officials openly told investors the Ukraine conflict was “good for business.” In a company “earnings call,” issued Jan. 25, Raytheon CEO Greg Hayes described how they could benefit from the conflict. Similarly, Lockheed CEO James Taiclet told investors the “great power competition [between the U.S. and Russia] over Ukraine bodes more business for the company.” (The Wire (India), Feb. 28)