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Syrian-Rebel-fighters-take-part-in-a-training-session-in-the-northeastern-city-of-Deir-Ezzor-AFP-800x430– Photo: Rebel fighters take part in a training session in the northeastern city of Deir Ezzor, on March 25, 2014.

At a Credit Suisse conference in West Palm Beach this week, representatives from major defense contractors spoke to their investors about how well business was going in these times of global war. Representatives from top firms like RaytheonOshkosh, and Lockheed Martin were in attendance, in somewhat of a celebration of the escalating conflict in the middle east and Africa.

Lockheed Martin Executive Vice President and Chief Financial Officer Bruce Tanner gave a speech openly praising the “indirect” benefits that defense contractors would see as a result of the war in Syria. A portion of his speech was captured on audio by someone inside and shared widely on the internet hours after the conference.

In the audio (link below) that was captured, Tanner discussed the many recent troubles in the Middle East, with an escalation of conflict in Syria and Turkey. He pointed out how these conflicts would lead to increased sales for their company.

Tanner said that the increased conflict would cause “an intangible lift because of the dynamics of that environment and our products in theater.”

During another speech at the conference, Wilson R. Jones, the president of the defense manufacturer Oshkosh, said that “with the ISIS threat growing, there are more countries interested in buying Oshkosh-made M-ATV armored vehicles.” 

Oshkosh M-ATV– Photo: The OshkoshM-ATV is an Mine Resistant Ambush Protected (MRAP) vehicle developed by the Oshkosh Corporation of Oshkosh, Wisconsin for the MRAP All Terrain Vehicle (M-ATV) program.

Raytheon Chief Executive Thomas A. Kennedy also joined in the informal celebration, saying that his company was seeing “a significant uptick for defense solutions across the board in multiple countries in the Middle East.”

“It’s all the turmoil they have going on, whether the turmoil’s occurring in Yemen, whether it’s with the Houthis, whether it’s occurring in Syria or Iraq, with ISIS,” Kennedy added.

In addition to the growing wars, the contractors also celebrated the fact that the defense sector was recently granted a $607 billion budget by the government.

“Our programs are well supported [in the budget]. We think we did fare very well,” Tanner concluded.

A recent report by journalist Glenn Greenwald pointed out stock prices for weapons manufacturers sharply increased just after the terrorist attacks in Paris. Greenwald was following the tip of Brooklyn journalist , who posted screenshots for the recent stock performances of major weapons contractors on his Twitter page.

twitter1twitterYou can listen to the leaked audio from the conference below:
Lockheed Martin 3rd Annual Industrial Conference Dec. 2015







Lockheed Martin International:

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that – with the addition of Sikorsky – employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. 

Lockheed Martin Global, Inc.

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Credit Suisse: 2016 Conferences/Corporate Days

Please note some of the below events are by invitation only and all may be subject to change. Please contact your Credit Suisse sales or Corporate Access representative if you are interested in any of the events.

Jan 19-20, 2016 2016 Latin America Investment Conference Sao Paulo
Jan 21, 2016 Analyst Relay Hong Kong
Jan 26, 2016 China Property and Financials Workshop Hong Kong
Jan 28, 2016 Swiss EQ Mid Cap Fintech Day Zurich
Feb 8-10, 2016 17th Annual Financial Services Forum Miami Beach, Florida
Feb 17, 2016 Korea Display Supply Chain Corporate Day Seoul
Feb 22-23, 2016 Asia Frontier Markets Conference London
Feb 22-25, 2016 21st Annual Energy Summit Vail, Colorado
Feb 24, 2016 2016 HOLT Conference London
Feb 25-26, 2016 Asia Frontier Markets Conference New York
Mar 1-2, 2016 2016 London Healthcare Conference London
Mar 9-10, 2016 18th Annual Global Services Conference Boston
Mar 15, 2016 Australian Technology Conference Sydney
Apr 5-8, 2016 19th Annual Asian Investment Conference Hong Kong
Apr 7, 2016 8th Annual Therapeutics Day New York
Apr 7, 2016 9th Annual Asian Hedge Fund Forum Hong Kong
May 2-3, 2016 24th Annual Offshore Technology Conference Tour Houston, Texas
May 3-5, 2016 2016 Mexico Investment Ideas Conference Mexico City
May 10-11, 2016 2016 REIT Conference New York
May 17, 2016 Stockholm Healthcare IR Day Stockholm
May 18, 2016 Stockholm Consumer IR Day Stockholm
May 24-25, 2016 Asia TMT Corporate Day New York
May 26, 2016 Asia TMT Corporate Day Boston
Jun 1, 2016 Boston Consumer Roundup Boston
Jun 7-8, 2016 Global Energy Conference London
Jun 7-8, 2016 Global Energy Conference London
Jun 15-16, 2016 3rd Annual Australian Energy Conference Sydney
Jun 21, 2016 2016 Chemicals & Ag Conference London
Jun 21, 2016 2016 Chemicals & Ag Conference London
Jun 21-22, 2016 MLP & Energy Logistics Conference New York
Jun 27-28, 2016 Oil & Gas Conference Singapore
Aug 3-4, 2016 10th Annual Midsummer LatAm Conference New York
Aug 8-9, 2016 Homebuilding & Building Products Conference New York
Aug 10-11, 2016 5th Annual Gaming, Lodging, Leisure & Restaurant Conference New York
Aug 15-16, 2016 Indonesia Conference Singapore
Sep 1-2, 2016 2016 European Telecoms Conference London
Sep 12-13, 2016 2016 Global Steel & Mining Conference London
Sep 13-15, 2016 Basic Materials Conference New York
Sep 14-15, 2016 7th Annual US Small & Mid Cap Conference New York
Sep 14-15, 2016 2016 European Industrials Conference London
Sep 22, 2016 Chicago Consumer Roundup Chicago
Sep 29-30, 2016 Paris Autos Show Conference Paris
Nov 7-9, 2016 Healthcare Conference Phoenix
Nov 28-Dec 1, 2016 2016 Technology, Media, and Telecom Conference Phoenix
Nov 30-Dec 2, 2016 4th Annual Industrials Conference Palm Beach, Florida