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Defense tech investors thought the war in Iran could make them millionaires. Instead, they faced a Wall Street bloodbath

First publishedJul 25, 09:54 UTC

Last updatedJul 28, 19:17 UTC · 7m ago

1 outlets over time — hover a bar for its window & outletslast updated

Defense tech investors thought the war in Iran could make them millionaires. Instead, they faced a Wall Street bloodbath

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Reported by 1 outlet — Fortune. See all sources ↓

has racked up a $37.5 billion tab on the war in Iran following President Donald Trump’s launch of Operation Epic Fury in late February. Yet despite continued conflict and historic levels of defense spending requested by the Pentagon, investors betting on a defense windfall have watched many top contractors lose value. Trading volumes in major defense contractors surged in the conflict’s opening days—rising for some as much as 140% above their average level during Trump’s second term—but the gains didn’t last. Northrop Grumman is now down over 30%, L3Harris Technologies has fallen over 20%, and Lockheed Martin has declined nearly 13%.

Read the full report at Fortune ↗

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In brief

What's the story?: has racked up a $37.5 billion tab on the war in Iran following President Donald Trump’s launch of Operation Epic Fury in late February. Yet despite continued conflict and historic levels of defense spending requested by the Pentagon, investors betting on a defense windfall have watched many top contractors lose value.
How widely is it covered?: 1 outlet, average source rating 6.0/10.
When was it last updated?: 7m ago.

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Defense tech investors thought the war in Iran could make them millionaires. Instead, they faced a Wall Street bloodbath
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FortuneJul 25, 09:54

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organizationDefense organizationFebruary. Yet organizationInstead organizationIran organizationOperation Epic Fury organizationPentagon organizationTrading organizationWall Street

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Avg source rating 6.0/10

Fortune6

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