Which US and Israeli military companies are profiting from the Iran war?

BY THE NUMBERSDefence stocks reach all-time highs, driven by need to produce billions of dollars of weapons systems.Published On 9 Mar 2026The biggest defence companies in the United States have agreed to “quadruple production” of what President Donald Trump describes as “exquisite class” weaponry after a meeting at the White House.The meeting on Friday was attended by the chief executives of RTX (formerly Raytheon), Lockheed Martin, Boeing, Northrop Grumman, BAE Systems, L3Harris Missile Solutions and Honeywell Aerospace, all of which are sitting on billions of dollars of order backlogs, some of which dwarf the gross domestic products (GDPs) of several nations.The US is already the world’s largest military spender at nearly $1 trillion in 2025, exceeding the combined total of the next nine countries. Trump aims to increase this amount to $1.5 trillion by 2027.Billions of dollars have already been spent by the US on weapons in the war with Iran, making war a highly profitable business for defence contractors.Last week, stock prices for major arms-producing companies in the US have all risen, including for Northrop Grumman (up 5 percent), RTX (up 4.5 percent) and Lockheed Martin (up 3 percent).So which weapons are being used in the war in Iran and which defence contractors are benefitting from this rapidly intensifying conflict?Which weapons is the US using against Iran?According to the US military’s Central Command (CENTCOM), Operation Epic Fury has drawn on more than 20 distinct weapons systems across air, sea, land and missile defence forces.Missiles, munitions and missile systemsThe Tomahawk missile has been the Pentagon’s long-range strike weapon of choice for three decades. The missiles travel at subsonic speeds, hugging the terrain at low altitude to avoid radar detection. They have been fired from Arleigh Burke-class destroyers in the Arabian Sea, with each destroyer capable of carrying more than 90 Tomahawks.(Al Jazeera)The US has also launched the Precision Strike Missile (PrSM) for the first time against Iranian targets from M-142 HIMARS systems in desert terrain. The short-range ballistic missile is capable of hitting targets 4002km (250 miles) away.