Jump to content
  • Sign Up
Sign Up To Remove Ads! | Purchase An Ad Slot!

Archived

This topic is now archived and is closed to further replies. Want this topic removed from the archive?

titanic1

Trump owns shares in Raytheon

Recommended Posts

Donald Trump’s financial entanglements have been the focus of consistent controversy since he took office. He claimed he was putting his assets in a “blind trust” which was later revealed not to be one (source: Chicago Tribune). He’s also been accused of using his office to enrich his hotels. But we’ve now reached the phase where Trump has ordered military action which has given direct financial benefit to a company that he owns stock in.

Last night Donald Trump fired fifty-nine Tomahawk missiles at a Syrian air base. But according to the Washington Post (link), they were a poor choice of weaponry under the circumstances, because Russia has S-400 surface to air defense technology in place in Syria which could easily have shot them down. In addition, Reuters is reporting that the Syrian air base was barely harmed (link), and is already back to operational capacity today, because the Tomahawks were aimed at the least important targets on the base.

https://www.palmerreport.com/opinion/tomahawk-missiles-were-wrong-choice-for-syria-attack-but-donald-trump-owns-stock-in-the-company/2224/

The Tomahawk, made only by a subsidiary of Waltham-based Raytheon, can be fired from a ship more than 1,000 miles away from a target, cruising not far above the ground and changing altitude based on the terrain until it hits its GPS-programmed target, according to Raytheon.

According to the Navy, Tomahawks were first used in Operation Desert Storm in 1991. Raytheon has routinely updated the missile, which costs just over $800,000 each, since then, including with the ability to stay in a holding pattern near the target.

The Tomahawk has been a favorite weapon for recent administrations, Thompson said, because of its ability to strike precisely while avoiding the danger of aircraft flying over enemy territory or putting boots on the ground. And, Thompson said, by firing from far offshore the U.S. is able to strike without the political fallout of soldiers entering another country.

The Syria strike could be used as a model for other countries, including North Korea, he said.

Shares of Raytheon rose yesterday, closing up nearly 1.5 percent on a day the markets closed slightly down.

“Most of the big defense stocks have gone up a lot since Trump won the election,” Thompson said. “The important thing for Raytheon is that a new administration is favoring its product.”

http://www.bostonherald.com/business/business_markets/2017/04/raytheon_riding_high_with_donald_trump

While the world is dealing with both the implications and the fall-out from President Donald Trump’s missile attack on a Syrian airfield on Thursday, the manufacturer of the Tomahawk missile used in the attack is seeing their stock surge which is good news for their investors — including the president.

As noted by the Palmer Report, Trump owns stock in Raytheon, which was reported by Business Insider in 2015.

According  to Trump’s financial disclosure reports filed with the FEC in 2015, his stock portfolio includes investments in  technology firms, financial institutions and defense firms, including Raytheon.

On Thursday, Trump launched an attack on the al-Shayrat military airfield, used by both Syrian and Russian military forces, hitting it with 59 Tomahawk missiles manufactured by Raytheon. Trump’s attack on Syria was reportedly in response to a deadly gas attack launched by Syrian President Bashar al-Assad against his own people earlier in the week.

https://www.rawstory.com/2017/04/donald-trump-personally-profited-from-missile-maker-raytheons-stock-jump-after-his-syria-attack/

Reminds me of a city I heard of where the Mayor ordered a big container of paper from a company he was on the board of directors of.

Share this post


Link to post
Share on other sites

Erm It think he did own stock. But sold it or no longer owns it as part of the whole preparation for entering office. Makes sense why though... Can you imagine the outrage?? If he still owned the shares?

Share this post


Link to post
Share on other sites
1 hour ago, titanic1 said:

Donald Trump’s financial entanglements have been the focus of consistent controversy since he took office. He claimed he was putting his assets in a “blind trust” which was later revealed not to be one (source: Chicago Tribune). He’s also been accused of using his office to enrich his hotels. But we’ve now reached the phase where Trump has ordered military action which has given direct financial benefit to a company that he owns stock in.

Last night Donald Trump fired fifty-nine Tomahawk missiles at a Syrian air base. But according to the Washington Post (link), they were a poor choice of weaponry under the circumstances, because Russia has S-400 surface to air defense technology in place in Syria which could easily have shot them down. In addition, Reuters is reporting that the Syrian air base was barely harmed (link), and is already back to operational capacity today, because the Tomahawks were aimed at the least important targets on the base.

https://www.palmerreport.com/opinion/tomahawk-missiles-were-wrong-choice-for-syria-attack-but-donald-trump-owns-stock-in-the-company/2224/

The Tomahawk, made only by a subsidiary of Waltham-based Raytheon, can be fired from a ship more than 1,000 miles away from a target, cruising not far above the ground and changing altitude based on the terrain until it hits its GPS-programmed target, according to Raytheon.

According to the Navy, Tomahawks were first used in Operation Desert Storm in 1991. Raytheon has routinely updated the missile, which costs just over $800,000 each, since then, including with the ability to stay in a holding pattern near the target.

The Tomahawk has been a favorite weapon for recent administrations, Thompson said, because of its ability to strike precisely while avoiding the danger of aircraft flying over enemy territory or putting boots on the ground. And, Thompson said, by firing from far offshore the U.S. is able to strike without the political fallout of soldiers entering another country.

The Syria strike could be used as a model for other countries, including North Korea, he said.

Shares of Raytheon rose yesterday, closing up nearly 1.5 percent on a day the markets closed slightly down.

“Most of the big defense stocks have gone up a lot since Trump won the election,” Thompson said. “The important thing for Raytheon is that a new administration is favoring its product.”

http://www.bostonherald.com/business/business_markets/2017/04/raytheon_riding_high_with_donald_trump

While the world is dealing with both the implications and the fall-out from President Donald Trump’s missile attack on a Syrian airfield on Thursday, the manufacturer of the Tomahawk missile used in the attack is seeing their stock surge which is good news for their investors — including the president.

As noted by the Palmer Report, Trump owns stock in Raytheon, which was reported by Business Insider in 2015.

According  to Trump’s financial disclosure reports filed with the FEC in 2015, his stock portfolio includes investments in  technology firms, financial institutions and defense firms, including Raytheon.

On Thursday, Trump launched an attack on the al-Shayrat military airfield, used by both Syrian and Russian military forces, hitting it with 59 Tomahawk missiles manufactured by Raytheon. Trump’s attack on Syria was reportedly in response to a deadly gas attack launched by Syrian President Bashar al-Assad against his own people earlier in the week.

https://www.rawstory.com/2017/04/donald-trump-personally-profited-from-missile-maker-raytheons-stock-jump-after-his-syria-attack/

Reminds me of a city I heard of where the Mayor ordered a big container of paper from a company he was on the board of directors of.

Good find. He said he had turned over his business interest to his children as I recall.

Nothing new though, I bet half the US govt has shares in Raytheon. If you don't want to be caught holding them you do it through someone else, shell company or holding company administered by a lawyer.

The company itself is interesting and at the center of many a conspiracy theory. They run some sort of operations for the US in Antarctica as well.

Share this post


Link to post
Share on other sites
31 minutes ago, Ukshep said:

Erm It think he did own stock. But sold it or no longer owns it as part of the whole preparation for entering office. Makes sense why though... Can you imagine the outrage?? If he still owned the shares?

Bush Snr owned shares of many a Defense sector company as well as being co-owner in KBR. I don't think US people are supposed to connect it all. Obviously every good journalist knows, and every US politician themselves. Dick Cheney was in the administration he owned the company that owns Raytheon which Bush Snr has shares in. No one says a thing. I keep writing about it. A bunch of criminals found a way to loot the taxpayers. That is the simplest way to explain it.

 

I know, beyond belief and in your face,a  bunch of people who had interests in the defense sector who were open war mongers who kept giving themselves contracts and starting wars. They could not have got away with it without Media complicity.  It is astounding. The biggest real conspiracies are right in people's faces. Hiding in plain sight.

Share this post


Link to post
Share on other sites
10 hours ago, Ukshep said:

Erm It think he did own stock. But sold it or no longer owns it as part of the whole preparation for entering office. Makes sense why though... Can you imagine the outrage?? If he still owned the shares?

He still owns it. His children "managing his business " in no way, shape,  form, or fashion removes him from ownership or profiting from it. 

Share this post


Link to post
Share on other sites

×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.