TV News LIES

Sunday, Oct 22nd

Last update05:20:13 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...


Twitter Erased Data Potentially Crucial to Russia Probes

Twitter erased data important to Russia probe Twitter has deleted tweets and other user data of potentially irreplaceable value to investigators probing Russia’s...

How far-right trolls named the wrong man as the Las Vegas shooter

Far roght tolls blame wrong man for Las Vegas massacreGeary Danley was not the gunman in Las Vegas who killed at least 50 people late...

EPA's climate rule withdrawal will include big changes to cost calculations

EPA's climate rule withdrawl affects cost calculations The Trump administration will consider fundamentally limiting the way the federal government counts benefits from curbing...

Rights groups urge Egypt to halt crackdown on homosexuals

Egypt cracks down on gaysTwo international rights groups are calling on Egyptian authorities to halt their crackdown on people suspected...
 
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!