Fighting imperialism around the world


Raytheon the target of Adelaide rally

Nick G.               12 July 2019

Twenty members and supporters of the Independent and Peaceful Australia Network (IPAN) rallied outside Adelaide’s Raytheon headquarters last Tuesday opposing its role in any US attack on Iran.

They held banners and placards directed at passing peak hour traffic along busy Greenhill Rd, attracting thumbs up, waves and horn beeping from passing motorists. A Spirit of Eureka banner read “No Australian involvement in US wars of aggression”.

Raytheon has offices in every mainland state and territory of Australia.  It has had research and manufacturing facilities at SA’s Techport “defence” precinct for a number of years, and has recently announced a new facility at Mawson Lakes, north of Adelaide, to enable the system delivery and final assembly of the National Advanced Surface to Air Missile System.

The possibility of Raytheon making a killing from the use of its weapons in a US attack on Iran has certainly interested investors.  Imperialist war is great for finance capitalism.  Raytheon CEO Thomas Kennedy makes no secret of the windfall profits of a war of aggression:

Large arms manufacturers from across the industry have similarly told investors that escalating conflict with Iran could be good for business.

Thomas Kennedy, the CEO of Raytheon, was asked in January about the “demand signals” that could shape the defense budget going forward. Kennedy, according to a transcript of the call, said the “major concern there is Iran.” The company, Kennedy added, had recently won approval to provide missile defense systems to Saudi Arabia, as the country has ramped up defense systems in preparation for potential war.

The following month, Kennedy presented at the Cowen Aerospace conference for investors, again focusing on how conflict with Iran will boost revenue. Kennedy said he had spent time on Capitol Hill discussing “all the information that we’re seeing from Russia and from China and to a certain degree even still North Korea and then what Iran is doing.” The discussions in Washington, D.C., he said, left him “pretty optimistic about the U.S. budget moving forward.”














And investment advisors are not slow in picking up the signals:

But could an escalation between the U.S. and Iran into an actual shooting war rev this group (aerospace and defense stocks) up even further? Of course, and that's the move that traders want to consider.

Moving from the general to the specific, the U.S. drone that was allegedly downed by Iran Thursday over the Strait of Hormuz was an RQ-4A Global Hawk, manufactured by Northrop Grumman (NOC) . This drone reportedly carries an astronomical cost to the Department of Defense of $222 million per unit.

That said, the capabilities of this particular Unmanned Aerial Vehicle (UAV) are astounding, and the future of warfare is in unmanned smart equipment. I believe the "smartness" will come from the sensor systems, which in the case of the RQ-4A are produced by Raytheon  (RTN) .

So, while my knowledge of aerial combat ranges only as far as repeated viewings of "Top Gun," I think Raytheon might be a better trade on UAVs than Northrop Grumman.

This speculation on the profit to be made from warfare is the sickening face of the criminal system we call capitalism.

Raytheon is a potent symbol of the criminality of this system.

It must be thrown right out of our country.


Raytheon the target of Adelaide rally
Print Version - new window

Raytheon the target of Adelaide rally
Print Version - popup window



Back to Article listing




South America: New developments create headaches for US imperialism

Australian aid to PNG: neo-colonialism at the service of US imperialism

Down with the Turkish fascists and their invasion of Northern Syria and Rojava!

South Pacific: Tide turns for Taiwan and US imperialism

US fears Solomon Islands may switch to Beijing

Free West Papua!

US imperialism’s plans to incorporate Pacific Islanders in the ADF

Notes from the MLKP Alişer Deniz Regiment

US imperialism losing control of Japan-ROK relations

A Cluttered Australia: Hosting US Military Facilities

Turkey plays the Russia card to force US imperialism to drop the Kurds

Hong Kong – what is going on?

Project Greyfin: reshaping the Australian military for greater US interoperability

Nepal: Crackdown on revolutionaries won’t solve the country’s problems

Hidden hands behind Japan-South Korea conflict?



View all Articles


  Home | About Us | Marxism Today | Statements | International Documents | Articles | Links | Downloads | Search | Contact
Copyright © 2013 Vanguard - Communist Party of Australia Marxist Leninist