war profiteering companies

Currently, the United States is the world's largest weapons manufacturer and exporter, followed by Russia, France, Germany, China and the United Kingdom consecutively. This January, the U.S. Navy awarded Raytheon a $235 million contract to supply missiles for Aegis cruisers and destroyers. The 100 largest arms-producing and military services companies across the globe sold an estimated $370.7 billion worth of arms that year. In 2011, the 100 largest contractors sold $410 billion in arms and military services. The company can rely on overseas customers to somewhat offset weak sales at home. United Shipbuilding Corp. is one of three Russian companies to report more than $4 billion in revenue from arms deals alone in 2015. For instance, BAE is securing contracts with Saudi Arabia. The company expects approximately a 5% increase in international sales in 2013. Arms producers are especially keen on Latin America, the Middle East and parts of Asia, Jackson said. Harris Corp. reported $4.92 billion in defense contracts in 2015, up from $3.11 billion the previous year. United Aircraft has lost money in each of the four prior years as well. Most of helicopters the company sells are for military purposes. Waltham, Massachusetts-based Raytheon is known for its missiles and missile defense systems. Based on analysis from the company, cybersecurity threats will continue to increase in the United States and around the world. BAE noted that its outlook for those two countries was "constrained," likely due to the diminished presence in international conflicts and government budget cuts. However, a significant portion of the company’s business is power systems development, ranging from nuclear propulsion for naval vessels to jet engines. It is one of the top military equipment contractors in the world. A major conglomerate with interests in a range of industries, United Technologies reported over $61 billion in sales in 2015, only 16% of which came from defense contracts. © Jeff Chiu/AP Photo An employee works on a Rolls-Royce V2500 engine, which powers the Airbus 320 family of passenger aircraft, on the final assembly line inside Rolls-Royce Holdings Plc's aerospace unit factory in Dahlewitz, Germany, on Wednesday, Nov. 26, 2014. > Arms sales: $8.77 billion> Total sales: $10.47 billion> Profit: $282 million> Employees: 38,000. The deal collapsed in October after German Chancellor Angela Merkel expressed concerns about the merger. © © Wikimedia Commons Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among the top 100 companies grew by 51%. SIPRI pegs total arms sales from Booz Allen at $3.9 billion in 2015. © Wikimedia Commons Global arms sales totaled $420 billion in 2018, up 4.6% from 2017, according to the Stockholm International Peace Research Institute (SIPRI). Bechtel is a private engineering firm that builds critical infrastructure, provides environmental cleanup and management services, operates dozens of mining operations, and serves as defense contractor in 160 countries. The company announced layoffs in early March, blaming mandated federal budget cuts. > Arms sales: $19.24 billion> Total sales: $31.47 billion> Profit: $2.97 billion> Employees: 99,900. These will be the 32 most powerful economies in 2030, See How Much You Save Giving Up These 20 Things, The rise of Larry Ellison, the jet-setting billionaire founder of Oracle, Like us on Facebook to see similar stories, Virginia Military Institute superintendent resigns amid call for racism probe, A New Website Tracks Broken McFlurry Machines, Because We've All Been Heartbroken Before, How defense stocks have fared under Trump.

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