Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Enrique

(27,461 posts)
Fri Mar 20, 2015, 04:02 PM Mar 2015

Banker worries about effect of Iran deal on weapons business

there is audio at the link, which I haven't been able to hear yet.

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

(...)

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.

9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Banker worries about effect of Iran deal on weapons business (Original Post) Enrique Mar 2015 OP
.... Cali_Democrat Mar 2015 #1
It's all about the Faux pas Mar 2015 #2
Killing people is profitable and Lockheed-Martin et al are cashing in. Tierra_y_Libertad Mar 2015 #3
Lockheed Martin, Raytheon, John McCain and MONEY Jacoby365 Mar 2015 #4
ooh, someone actually let the truth slip out? barbtries Mar 2015 #5
Sometime I wonder who certain people can look at themselves in the mirror.... Left coast liberal Mar 2015 #6
Vampires cast no reflection. hifiguy Mar 2015 #7
Yeah, Peace is bad for business... Ilsa Mar 2015 #8
"issues that might harm profitability": peace. Sums up the entire MIC. How do they sleep at night?!? Stardust Mar 2015 #9
 

Cali_Democrat

(30,439 posts)
1. ....
Fri Mar 20, 2015, 04:05 PM
Mar 2015
“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.

Sick!!! They love profiting from death.

Jacoby365

(451 posts)
4. Lockheed Martin, Raytheon, John McCain and MONEY
Fri Mar 20, 2015, 04:24 PM
Mar 2015

Lockheed Martin and Raytheon missile factories = Tucson, Arizona = John McCain = Bomb, bomb, bomb Iran = MORE MONEY = totally wacked.

Ilsa

(61,694 posts)
8. Yeah, Peace is bad for business...
Fri Mar 20, 2015, 05:08 PM
Mar 2015

Bring on the war, disease, destruction of natural resources, misery, and debt, right?

Stardust

(3,894 posts)
9. "issues that might harm profitability": peace. Sums up the entire MIC. How do they sleep at night?!?
Fri Mar 20, 2015, 06:33 PM
Mar 2015
Latest Discussions»General Discussion»Banker worries about effe...