Military Industrial Complex Stocks Crash as North and South Korea Reach Peace Deal

Activist Post

North and South Korea reached a historic peace deal this week, and as the leaders from the two nations met in person for the first time and agreed to pursue an end to the Korean War, it signaled an incredible breakthrough in diplomacy and sent the stocks of defense contractors in the United States crashing.

When North Korea’s Kim Jong-un shook hands with South Korea’s Moon Jae-in for the first time on Friday, they put thousands of people both at home and around the world at ease, as they agreed to a peace deal that has the power to break the tension that has been between the two countries for decades.

All smiles, hugs & holding hands as North & South Korean leaders meet (PHOTOS, VIDEO) https://t.co/r5zeArvpMh pic.twitter.com/wpnp2ZZrHS

— RT (@RT_com) April 27, 2018

However, while peace may seem like the best possible outcome to the average person who is aware of how the ongoing war has hurt both North and South Korea over the years, it is a resolution that hurts the United States military-industrial complex, as can be seen by the results from stocks following the meeting.

On Friday alone, the five largest defense contractors in the U.S. lost more than $10 billion in value.

Lockheed Martin (LMT) started the week at $352.79 per share and ended it at $321.95 per share, falling 2.5 percent to a valuation of about $92 billion.

Northrop Grumman (NOC) started the week at $356.67 per share and ended it at $321.86 per share, falling 3.4 percent to a valuation of $56 billion.

General Dynamics (GD) started the week at $222.92 per share and ended it at $203.70 per share, falling 3.8 percent to a valuation of $60 billion.

Raytheon (RTN) started the week at $227.67 per share and ended it at $204.09 per share, falling $3.6 percent to a valuation of $50 billion.

Boeing (BA) lost less than 1 percent of its stock, ending the week with an evaluation of $200 billion.

When the United States invades sovereign nations, overthrows foreign governments and launches countless drone strikes that kill innocent civilians, the military-industrial complex profits by the billions. But the industry is so volatile that while a peaceful meeting between two leaders can send its stocks crashing, threats and angry Tweets from another leader can cause its stocks to soar.

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