Defense giants cash in as Iran conflict escalates

Source: New York Post

Defense contractors are winning on Wall Street, as the uncertainty of a war with Iran and increased tension in the Middle East continue to fuel substantial gains in the stock market.   While oil prices surged the highest Monday, jumping more than 6% over fears of a global supply shortage, companies that build military equipment weren’t far behind — Lockheed Martin and RTX, formerly known as Raytheon, gained 3. 3% and 4.