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War's surprise corporate victors include tank-makers, not oil barons

Source: economist.com

An Economist article reveals unexpected corporate winners and losers from the ongoing wars in Ukraine and the Middle East.
Defence firms like Rheinmetall and RTX have seen massive stock surges, while energy giants such as Shell and airlines like Delta have suffered big losses.
The conflicts have boosted some sectors by over 500% in value, reshaping global business landscapes in surprising ways.

The article examines how the wars in Ukraine and Gaza have created unlikely corporate victors and casualties, defying conventional expectations. It spotlights defence contractors thriving amid surging demand, contrasted with struggling energy companies and airlines battered by volatile oil prices and disrupted routes. The core finding is that these conflicts have funneled trillions into certain industries while crippling others. This matters because it shows how geopolitical chaos directly rewir