Stockmarket reaction vindicates blockade of weapons conference

Profiteering from death …“The fact that the shares of major weapons manufacturers soared following the deadly attacks in Paris shows how much these companies profit from death and destruction.”

Peace Action Wellington

A protestor is led away. Photo by Nick Tapp. A protestor is led away. Photo by Nick Tapp.

Wellington anti-war activists say that their blockade of the Defence Industry Association´s (DIA) annual conference was more than justified in light of the rise in 3.5% of Lockheed Martin´s share price on Monday.

“The fact that the shares of major weapons manufacturers soared following the deadly attacks in Paris shows how much these companies profit from death and destruction. This is why a hundred and fifty people disrupted the weapons conference in Wellington on Tuesday,” said Peace Action Wellington member Valerie Morse.

Defence Minister Gerry Brownlee had stated on Tuesday that delegates were not discussing the business of war. He also said none of the companies at the conference supplied weapons or arms to the defence force.

Lockheed Martin, the world´s largest weapons manufacturer, was the principal sponsor of the conference and holds a NZ$400m contract to refurbish NZ´s…

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