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As the U.S. blockade on the Strait of Hormuz threatens an already tenuous ceasefire between the U.S. and Iran, many at home are looking to profit. Below are five examples of wartime grifters, profiteers, and opportunists absolutely outdoing themselves.

Lockheed Martin CEO: Wartime Trump Pentagon a “Golden Opportunity”

Late last month, Lockheed Martin CEO Jim Taiclet lavished praise on the Trump administration for rolling out the red carpet to the defense industry.

“This is a golden opportunity right now based on who’s in government,” Taiclet told investors during an earnings call. He cited in particular officials’ “willingness to change” and “the demand that they have for what we do and what our partners in our industry do.”

That “demand” of course is war, and the administration has pretty much been in it since Trump’s 2025 inauguration, from supporting Israel in its Gaza and Lebanon operations, firefights with the Houthis, and now Iran. Lockheed has signed billions in contracts with the Pentagon since the beginning of the year, mostly to replenish missiles. Lockheed Martin also has an agreement with the Pentagon to quadruple its production of THAAD interceptors by 2027.

And the U.S. has used many of them both. As the Center for Strategic and International Studies found late last month, the U.S. has burned up over 45% of its Precision Strike Missiles (PrSMs) and roughly half of its THAAD and Patriot missile defense interceptors.

OMB Head Russ Vought Refuses to Provide Financial Estimates on Iran War Costs

To refill these stocks, the U.S. is mulling a possible Iran war supplemental package — slated to cost an estimated $80 to $100 billion — to replace lost munitions and other military equipment. According to Mike Fredenburg in his reporting for RS in 2024, the U.S. pays way too much for each missile, a lot more than it should for say, a SM-2 missile ($1.2 million-$2 million a piece) or SM-6 (upwards of $5 million each), but since there are only a handful of prime contractors in the........

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