They are a farce, pure and simple. The leaders at the top are lining their pockets with taxpayers money and telling the rest of the world to go to Hades.
I buy those stocks now.
UN has provided a means of preventing many piss ant countries from getting hardware. We have used it often in that capacity.
UN gone; sanctions gone, inspections gone... free market arms sales. I wouldn't mind it; Id buy some European, Israeli and Russian arms stocks too.