Philip May’s Company Benefits From the Syria Strikes

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Philip May now works as an investment relationship manager for the Capital Group.
Capital Group has amassed over 360,000 shares in the company, up over 11 percent on the previous quarter, which may have contributed to a hefty rise in BAE’s share price, which currently stands at around 600p.

Philip May’s Capital Group was linked to the Paradise Papers scandal in 2017. News and current affairs magazine, Private Eye, suggested at the time that Philip May’s company used offshore law firm Appleby to devise investments in tax havens.

When asked at the time of the scandal about her husband’s role, a spokesperson for the UK PM told reporters: “Mr May is involved in the development of Capital Group’s retirement solutions. He is not an investor but consults with other Capital associates on retirement products and solutions for clients.”

 

Philip May, husband of the UK prime minister, works for a company that is the largest shareholder in arms manufacturer, BAE Systems, whose share price has soared since the recent airstrikes in Syria.

Capital Groups ties with the American global aerospace, defence, security, and advanced technologies company, now called Lockheed Martin, are as strong as ever. Currently, Capital Group owns around 10.39 percent of Lockheed Martin. So, while UK Prime Minister Theresa May supports Trump and Macron’s military action in Syria, she is also helping her husband’s investment firm to make a killing.

The Syria air strikes that took place on 14th April, 2018 saw the debut of a new type of cruise missile developed by the Lockheed Martin Corporation.

The JASSM was produced at a Lockheed Martin plant in Troy, Alabama, and has a low radar cross-section that makes it difficult to detect. The air-launched cruise missile is designed to penetrate as far as 200 miles into enemy territory. The extended version, which destroyed the Barzah Research and Development Center located in the greater Damascus area, can fly more than 500 miles.

The Pentagon suggested after the raids that 17 of the 19 JASSM’s, fired from B-1B bombers outside Syrian air space, were effective.

 Capital Group,  another entity is also the second-largest shareholder in Lockheed Martin – a US military arms firm that supplies weapons systems, aircraft and logistical support. Its shares have also rocketed since the missile strikes last week.

Many believe,  BAE Systems has done very well out of the UK-US-France allied airstrikes on Syria, which were sanctioned by Theresa May. It has been reported that the UK’s contribution to military strikes was to fire eight ‘Storm-Shadow’ missiles at an alleged chemical weapons facility, each of which cost £790,000 ($1.13 million) – totaling £6.32 million ($9 million). The missiles were manufactured by BAE Systems.

FCA refuse to investigate . May’s husband’s company is a major shareholder in HSBC.Theresa May’s husband’s company (Capital Research & Management co.) is also a major shareholder in HSBC, as well as its clients BAE Systems.

Media agencies

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