In Lockheed Martin call, bank analyst worried that Iran deal could depress weapons sales.

[kpete]

The possibility of an Iran nuclear deal depressing weapons sales was raised by Myles Walton, an analyst from Germany’s Deutsche Bank, during a Lockheed earnings call this past January 27th. Walton asked Marillyn Hewson, the chief executive of Lockheed Martin, if an Iran agreement could “impede what you see as progress in foreign military sales.” Financial industry analysts such as Walton use earnings calls as an opportunity to ask publicly-traded corporations like Lockheed about issues that might harm profitability.

Hewson replied that “that really isn’t coming up,” but stressed that “volatility all around the region” should continue to bring in new business. According to Hewson, “A lot of volatility, a lot of instability, a lot of things that are happening” in both the Middle East and the Asia-Pacific region means both are “growth areas” for Lockheed Martin.



MORE:
https://firstlook.org/theintercept/2015/03/20/asked-iran-deal-potentially-slowing-military-sales-lockheed-martin-ceo-says-volatility-brings-growth/

[Comrade Grumpy]

1. Companies that grow rich off death and destruction are a pathology.

Governments that serve them are sad.