Today, the seventy-fifth anniversary of the atomic attack on Hiroshima, should be a day for quiet introspection. I recall a summer morning following the U.S. 2003 "Shock and Awe" invasion of Iraq when the segment of the Chicago River flowing past the headquarters of the world’s second largest defense contractor, Boeing, turned the rich, red color of blood.At the water’s edge, Chicago activists, long accustomed to the river being dyed green on St. Patrick’s Day turned the river red to symbolize the bloodshed caused by Boeing products. On the bridge outside of Boeing’s entrance, activists held placards urging Boeing to stop making weapons.
This summer, orders for Boeing’s commercial jets have cratered during the pandemic, but the company’s revenue from weapon-making contracts remains steady. David Calhoun, Boeing’s CEO, recently expressed confidence the US government will support defense industries no matter who occupies the Oval Office. Both presidential candidates appear "globally oriented," he said, "and interested in the defense of our country."
Investors should ask how Boeing’s contract to deliver 1,000 SLAM- ER weapons (Standoff Land Attack Missiles-Expanded Response) to the Kingdom of Saudi Arabia "defends" the United States.
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