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Did Trump Own Stock In the Missiles He Fired?

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Yes, but with caveats.

On April 6th, 2017, President Trump ordered a missile strike on a Syrian government air base using 59 Tomahawk cruise missiles. Trump owns stock in the company that manufactures these, Raytheon, which saw a rise in stocks the following day. However, Trump's Raytheon holding may be quite modest, and the rise in stocks may not be solely a result of the strike. However, his exact holdings are unknown, and whatever the value, this may still be a conflict of interest.

Origin and Prevalence

This claim began being made in various online formats the day after the strike. Examples can be found here and here. Eventually the question was addressed by more widely read and reputable source.

Issues and Analysis

While it seems clear that Trump does indeed own stock in the manufacturer of the Tomahawk missiles fired, Raytheon, it in unknown exactly how much. While clearly a conflict of interest, there is some doubt as to whether he would a made a profit considered significant when compared to the full value of his holdings. Snopes reports that while Trump does indeed hold stock in Raytheon according to his personal financial disclosure report, the latest report comes from 2016 and shows that he would have made a profit of at most 2,500 dollars. However, it is unknown if his Raytheon stock holding increased between then and now, as they did between 2015 and 2016. CNN reports that defense contacting stock has shown a recent increase in general, casting doubt onto the claim that Trump made money as a direct result of the strike.


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The Digital Polarization Initiative is a student-run project which allows university students to investigate questions of truth and authority on the web and publish their results. Learn more, or see our index. Photo credits here. DigiPo members can edit this page.