There was a 1. Though it is yet unclear what the growing arms investments will mean for international relations, major defense contractors around the world stand to benefit. Notably, Russia, one of the countries with the fastest growing militaries over the last decade, became the second largest arms-producing country, overtaking the United Kingdom for the first time since The company drew public scrutiny after a bomb it sold to Saudi Arabia was dropped on a school bus in Yemen, killing 40 boys and 11 adults. Companies were ranked based on arms sale revenue. Chinese companies were not considered due to lack of sufficient data. Profits and total sales came from fiscal year annual financial disclosures filed with the U. Securities and Exchange Commission or published independently. Pharmacists, lawyers, CEOs: A look at the highest paying jobs for women. Textron, based in Providence, Rhode Island, is one of 11 American companies to rank among the world’s largest defense contractors. Though the majority of Textron’s revenue comes from deals in the United States and Canada, the company also does business in the Middle East, Asia, and Europe.
GOBankingRates Maldives desperate for funds as islands risk going under The tropical Maldives may lose entire islands unless it can quickly access cheap financing to fight the impact of climate change, its foreign minister said. Lauren Anthony reports. National security and warfare are big business. The U. In its latest annual report, Top Arms-Producing and Military Services Companies, the Stockholm International Peace Research Institute SIPRI estimated arms sales for companies around the world using financial documents and reports of sales to national ministries and departments of defense. Because these companies — in many cases even foreign arms makers — sell primarily to the U. Department of Defense, sales patterns are closely linked to budgetary decisions in the U. The Budget Control Act, for example, resulted in a dip in global military spending. According to Fleurant, shifting budget priorities, which often change dramatically after an election or economic event, add a level of uncertainty that is especially challenging for the defense industry. Not only are fighter jets, submarines, and highly destructive weapons available only to governments and armed forces, but also these defense products often require decades to design, assemble, and test. The great length of procurement cycles, scale of product capabilities, limited access to defense markets, as well as the risk of sudden budgetary changes mean defense companies are under enormous pressure to find deals among the already very limited pool of customers.
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According to Fleurant, the level of uncertainty and these pressures are currently higher than usual. She highlighted relatively small export markets as major targets of companies looking to make up lower revenues. According to a recent report by the Congressional Research Service, developing nations continue to be the main focus of arms sales. Countries without large arms industries rely heavily on exports from powerful nations, primarily the United States and Russia. From to , the United States and Russia dominated the arms market in the developing world. Employment data, profit figures, and arms sales as a percentage of total sales also came from the SIPRI report and are for the calendar year. Other company-specific data were obtained from annual financial reports.
Thank you!
Global military spending was down in for the first time since And for the second year in a row, arms sales from private industry to governments were down as well last year. Despite the decline in military spending, the business of war remains a good one. The withdrawal of U. Austerity also contributed to cuts in military spending. Belt-tightening in Europe also had an impact on arms sales. While U. Companies reacted differently to the sales downturn. L-3 Communications spun off part of its business in to limit exposure to declining government military spending. Faced with possible tough times, some companies have engaged in corrupt practices. However, according to Perlo-Freeman, this is nothing new.
20. Textron
Latest Issue. Past Issues. Cafes and restaurants are overflowing with customers, relaxing as they smoke narguiles with friends. The souks are packed with shoppers almost every day, and the services industry is booming. In Bab Sharqi, a neighborhood in the old city, at least a dozen bars have opened over the last eight months. Every weekend they are packed with punters, enjoying a few drinks with their food as they listen to the latest Taylor Swift hit, interrupted by the occasional mortar explosion. But they still want to go out. Syria is enduring its sixth year of war, and most people living in government-controlled areas like Damascus continue to suffer from a crippling economic crisis likely to linger long after the guns fall silent. To adapt to this new reality, some have taken desperate measures: selling their possessions, taking on other jobs, even stealing. Others, however, smell opportunity amid the chaos. War profiteers have carved out a thriving black market by circumventing the sanctions regime, making millions by importing and selling much-desired goods ranging from Kit Kat bars to Cuban cigars. The rise of the black-market kings began soon after April , a month into the Syrian uprising, when President Barack Obama imposed, via executive order, the first of four sets of economic sanctions on Syria. They set off a destructive ripple throughout Syria, further distorting an economy that would soon be ravaged by the escalating conflict. These distortions have hit everything from the energy sector to the salaries of ordinary people.
I can tell you from past experience, however, that as a soldier, it helps to hear the voices of those who are supporting you, even when you yourself don’t believe in what you are fighting for. Mordent Lv 7. Aren’t you supposed to make money off your songs? Write an opinion and send it into the major papers. You’re a psychic and you make money off of this? If there was some way you could make money off of that freak’s screams or that thing’s face, we’d be millionaires. Naomi Joy. Please white-list or disable AboveTopSecret.
19. Naval Group
You would make money off of my child? You’re making money off my misery? Thank you. Hand out flyers. Check it at Linguazza. So what? Does that make me a bad person?
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This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression. It looks like you’re using an Ad Blocker. Please white-list or disable AboveTopSecret. Thank you. Some features of ATS will be disabled while you continue to mony an ad-blocker. Talk about a huge conflict of interest, the people deciding on whether to end or continue the war are making money off of the war by the investments in Pentagon Contractors.
Is this even legal? The people deciding whether to send more troops over to Iraq and whether to continue this war are making money off of it, money that goes in their own pockets. Look I nearly pook when I think about the chickenhawks running this country and at one time considered myself a democrat, then later realized what a joke that was, since I finally realized democrat or republican it did not matter, it was just a dog and pony show they both put on to keep us ignorant while they both robbed us blind, and manipulate us mone to steal from us and to use us for their own means and gains.
Could what is being reported here in the study below make that more clear? The Center for Responsive Politics mke the holdings could pose a conflict of interest for lawmakers deciding on spending for the Iraq war. More Republicans had military investments than Democrats, but Democrats have more money at stake. The highest stakeholder is Democratic Senator John Kerry. Just curious why no one is responding to this?
I keep us with the mainstream news and also look at alternative news websites I trust and had not heard about this and I see this as a major story and a big conflict of. This is the same John Kerry who ran for president and currently voting along with the others about the war and spending and also making money off of the war. Democracy Now who is reporting this story is mohey just any alternative news website, they are from free speech tv, and are also an award winning news show often beating out many well known journalists from mainstream news.
Free speech tv is viewer supported only and will not take any money from government or any officials, they strive to remain totally independent and often report in depth and often ahead of mainsteam media and will often report what mainstream media will not.
In nothing we trust. It really doesn’t surprise me that our lawmakers are using thier powers to make money off of the current democracy spreading occupation. This is basically tantimount to insider trading. Isn’t war profiteering, during a time of war, a crime punishable by hanging? I suspect this is part of the reason why congress hasn’t actually declared war. If it ever comes down to putting our officials on trial, they probably figure that they will be able to argue thier innocence due to the fact that we aren’t technically at war.
Originally posted by goose Just curious why no one is responding to this? Monwy boys were always oil men. I read in my local newspaper well over a year ago that one third of the original Homeland Security people went into private contractor positions to buy the items mwke such as RFID chips, etc Same old stuff different day.
This is the kind of cynical parasitic rule that one would associate with a banana republic no, not the trendy retail outlet
How Does America Make Money Off War? Financial Interests, Military-Industrial Complex (2000)
More than 50 years after President Eisenhower’s warning, Americans ppeople themselves in perpetual war. In JanuaryUS President Dwight D Eisenhower used otf farewell address to warn the nation of people make money off war he viewed as one of its greatest threats: the military-industrial complex composed mmoney military ogf and lobbyists perpetuating war. Eisenhower warned that «an immense military establishment and a large arms industry» had emerged as a hidden force in US politics and that Americans «must not fail to comprehend its grave implications». The speech may have been Eisenhower’s most courageous and prophetic moment.
The Atlantic Crossword
Fifty years and some later, Americans find themselves in what seems like perpetual war. No sooner do we draw down on operations in Iraq than fof demand an intervention in Libya or Syria or Iran. While perpetual war constitutes perpetual losses for families, and ever expanding budgets, it also represents perpetual profits for a new and larger complex of business and government interests. The new military-industrial complex is fuelled by a conveniently ambiguous and unseen enemy: the terrorist. Former President George W Bush and his aides insisted on calling counter-terrorism efforts a «war». This concerted effort by leaders like former Vice President Dick Cheney himself the former CEO of defence-contractor Halliburton was not some empty rhetorical exercise. Not only would a war maximise the inherent powers of the president, but it would maximise the budgets for military and homeland agencies. This new coalition of companies, agencies, and lobbyists dwarfs the system known by Eisenhower when he warned Americans to «guard against the acquisition of unwarranted influence… by the military-industrial complex». Ironically, it has had some of its best days under President Barack Obama who has radically expanded drone attacks and claimed that he alone determines what a war is mske the purposes of consulting Congress. Investment in homeland security companies is expected to yield a 12 percent annual growth through — an astronomical return when compared to other parts of the tanking economy. While few politicians are willing to admit it, we don’t just endure wars we seem to need war — at least for some mney.
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