Share prices of Western military contractors shoot up after Israel violence ...News

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Share prices of Western military contractors shoot up after Israel violence
Stocks have surged on expectations of further increased defense spending, experts say Shares of the largest military and defense corporations of NATO member states and major EU contractors surged on Monday as arms makers stand to benefit from Israeli-Palestinian conflict. Stocks of major US defense contractors jumped amid the conflict with Lockheed Martin, the maker of HIMARS rocket launchers, and Northrop Grumman Corp adding 8.3% and 10.6%, respectively. RTX formerly known as Raytheon Technologies Corp gained almost 4% "amid expectations of increased defense spending", according to Victoria Scholar, the head of i

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