This post originally appeared at 24/7 Wall St.
Global 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.
Categories: Americas, Firearrms/ammunition, Trade, War
And not mentioned here are other companies profiting greatly from the wars: KBR. http://www.kbr.com.
The website ‘downplays’ the contracts in Iraq and Afghanistan, where they run all the military camps. (originally KBR was active in the oil industry).
Their military contracts run into hundreds of billions of $.
JazakumAllah for the information
Aasalamalykum.
FAZL-e-KHUDA ka sayaa tum pay rahay hamaisha
Har din charahe MUBARAK, har raat BAKHAIR guzray
Thank you very much for information. May Allah bless you a happy healthy and wealthy long life. Amen
Munawar Ahmad Bajwa
This is around two year old but worth reading.
Military Spending vs. Millennium Development GoalsFact Sheet:
http://demilitarize.org/fact-sheets/military-spending-vs-millennium-development-goals/