https://www.vice.com/en_us/article/v7bxyj/us-defense-contractor-ceos-see-profit-opportunity-in-israel-hamas-war

The stock prices of major defense firms in the U.S. rose after Hamas attacked Israel on October 7, killing over 1,000 citizens and prompting retaliatory strikes that have killed many civilians in Gaza. Defense contractors Lockheed Martin, Northrop Grumman, and RTX—formerly Raytheon—all mentioned the potential business opportunities of the Israel-Hamas war on earnings calls this week.

Large companies typically run quarterly earnings calls that are open to the public. Executives go over the past few months of business, give an update on the projected earnings of the next quarter, and take questions from investors. As one might expect for an industry that specializes in selling the tools of war, executives touched on the war between Israel and Hamas.