Defense stocks have soared since Trump’s election

 

 

The military industrial complex is so massive it creates its own gravitational field. And it looks unfortunately like it’s getting much more massive under Trump. Good to see ole’ crony Boeing doing so well.

And that the damn Ex-Im Bank still lives.

(From Defense News)

Specifically, stock price for companies in the aerospace and defense industry has risen 40.8 percent since Nov. 8, 2016, according to CNBC. This comes amid increasing geopolitical tensions, especially between the U.S. and North Korea.

Ten of the 11 defense industry stocks are up at least 15 percent. The biggest benefactor has been Boeing, which is up 87 percent since the election. Over the past year, Boeing secured a $2.1 billion contract for 15 more KC-46A tankers, bringing the total order for production aircraft up to 34 planes. Of course, Boeing’s commercial arm also contributes substantially to the bottom line and appeal to investors.