Washington/Tel Aviv (HRNW)- The ongoing war in Iran has turned into a highly profitable venture for US and Israeli defense industries, with share prices and profits of major arms companies surging.
In the US, companies like Northrop Grumman (+5%), RTX Corporation (+4.5%), and Lockheed Martin (+3%) saw significant gains as demand for missile defense systems, fighter jets, drones, and guided weapons skyrocketed. President Donald Trump stated that US defense production will be quadrupled to meet ongoing military needs.
Similarly, Israeli defense firms, including Israel Aerospace Industries and Rafael Advanced Defense Systems, are benefiting from new international orders for advanced drones, missile defense systems, and cyber technology, with war-tested technology driving global demand.
Defense analysts note that the Iran conflict has accelerated the global arms trade, with multiple countries increasing their defense budgets to acquire modern weaponry.
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