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Australian billionaire bets on war

Featured Replies

Capitalist punishment

[Opinion. How far is too far? Corporate hitmen all over the world are selling weapons for murder in wars that never had to happen.

Elbit Systems is one of those. Do you now see why Palestine Action’s Ulm 5 sabotaged its German factory?

Incidentally, Elbit Germany reported they were manufacturing next day. Is this really the world you want for our kids and grandkids?]

Australia’s richest woman invests nearly $100 million in US defense industry

Vira Kasiyan

Liga News: 18 May 2026

South Korean company LIG Nex1, a missile defense company, has become one of the main beneficiaries of the war in the Middle East with its medium-range air defense system, which is cheaper than RTX's Patriot. About writes Financial Times.

The company has already sold its products – Cheongung-II missiles (M-SAM II) – to Saudi Arabia, Iraq, and the United Arab Emirates. Despite the decline in sales, the company's shares jumped by more than 40% at the start of the war with Iran.

Investors also invested in the Israeli company Elbit Systems, which in mid-March made the defense group one of the most expensive companies on the Tel Aviv Stock Exchange. Earlier this week, Israel approved a significant increase in defense spending and signed a new contract with Elbit for the supply of 155-mm shells.

Gina Rinehart, Australia's richest woman, invested nearly $100 million in U.S. arms manufacturers and backed two mining companies in the first quarter of this year. About writes Bloomberg.

According to documents filed with regulators, her private company, Hancock Prospecting, has acquired shares in RTX, Northrop Grumman, L3Harris Technologies, and Lockheed Martin for a total of $97 million as of March 31.

1 hour ago, unblocktheplanet said:

How far is too far? Corporate hitmen all over the world are selling weapons for murder in wars that never had to happen.

Wars have been happening since the beginning of time.

  • Author

Right, Ted. And we're just meant to enjoy the show, Xians vs lions, and not try to make peace. There always room for change!

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