TV News LIES

Wednesday, Apr 01st

Last update05:44:54 AM GMT

You are here News Of Special Interest Ten Companies Profiting Most from War

Ten Companies Profiting Most from War

E-mail Print PDF

WeaponsGlobal sales of arms and military services by the 100 largest defense contractors increased in 2010 to $411.1 billion, according to the Stockholm International Peace Research Institute. The increase reflects a decade-long trend of growing military spending. Since 2002, total arms sales among the 100 largest arms manufacturers have increased 60%.

The institute recently published its annual report on the leading arms producing companies in the world — SIPRI Top 100. The report identifies the largest companies in the sector and provides each company’s arms sales as a percentage of its total sales.

Based on the report, 24/7 Wall St. identified the 10 companies with the highest revenue from arms sales. These companies alone account for $230 billion — over half of all arms sales that year.

While many industries continued to suffer in 2010 as a result of the financial crisis, leaders in the arms and military services were largely unaffected. According to SIPRI arms industry expert Dr. Susan Jackson, when sales dropped, it was not because of the financial crisis. Instead, Dr. Jackson notes that loss in sales was due to “the withdrawal of foreign troops from Iraq and the subsequent expected decrease in related equipment sales.”

More...


Most Recent Related Stories...


Germanwings Pilot Was Locked Out Of Cockpit Before Crash In France

Germanwings pilot locked outAs officials struggled Wednesday to explain why a jet with 150 people on board crashed in...

Israel spied on US talks with Iran to undercut deal

israel spied on iran talksWashington has accused Israel of spying on closed-door international talks with Iran about its nuclear program...

Ford recalls over 220,000 vehicles in North America for three issues

Ford recallFord Motor Co said on Wednesday it is recalling more than 220,000 vehicles in North America...

Seven children from Brooklyn house fire to be buried in Jerusalem

7 children killed in fireThe seven brothers and sisters of the Sassoon Orthodox Jewish family, who died in a fire...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!