Based on the SIPRI [1] report,
24/7 Wall St [1] . reviewed the
10 biggest weapons companies. Arms were defined as sales to military customers,
either for procurement or for export, but do not include sales of general
purpose items, such as oil or computer equipment. We looked at sales figures
for two years through 2011, among other metrics.
Press TV : [1]
The business of war is profitable. In 2011, the 100 largest
contractors sold $410 billion in arms and military services. Just 10 of those
companies sold over $208 billion. Based on a list of the top 100 arms-producing
and military services companies in 2011 compiled by the Stockholm International
Peace Research Institute (SIPRI), 24/7 Wall St. reviewed the 10 companies with
the most military sales worldwide. These companies have benefited tremendously
from the growth in military spending in the U.S., which by far has the largest
military budget in the world. In 2000, the U.S. defense budget was
approximately $312 billion. By 2011, the figure had grown to $712 billion. 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%. However, the
trend has recently reversed. In 2011, the top 100 arms dealers sold 5% less
compared to 2010. Susan Jackson, a SIPRI defense expert, said in an email to
24/7 Wall St. that austerity measures in Western Europe and the U.S. have
delayed or slowed the procurement of different weapons systems. Austerity
concerns have exacerbated matters. Federal budget cuts that took effect in
March mean military spending could contract by more than $500 billion over the
coming decade unless policymakers negotiate a pullback on the mandated cuts. In
addition, the U.S.' involvement in conflicts abroad continue to wind down. The
last American convoy in Iraq left the country in December 2011. Troop
withdrawals from Afghanistan also began in 2011. Finally, SIPRI pointed out
sanctions on arms transfers to Libya have contributed to declining arms
sales.
Here are the 10 companies that profit the most from war:
10. United Technologies (UTX) -- aircraft, electronics, engines [1]
10. United Technologies (UTX) -- aircraft, electronics, engines [1]
Arm sales: $11.6 billion,total sales: $58.2 billionGross profit: $5.3 billion,total workforce: 199,900
9. L-3 Communications (LLL) -- electronics [1]
8. Finmeccanica -- aircraft, artillery, engines, electronics, vehicles and missiles [1]Arm sales: $12.5 billiontotal sales: $15.2 billionGross profit: $956 milliontotal workforce: 61,000
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Arms sales, $14.6 billion
total sales: $24.1 billion
Gross profit: $ -3.2 billion
total workforce: 70,470
Arm sales: $16.4 billion
total sales: $68.3 billion
Gross profit: $1.4 billion
total workforce: 133,120
5. Raytheon (RTN) -- electronics, missiles [1]Arm sales: $21.4 billiontotal sales: $26.4 billionGross profit: $2.1 billiontotal workforce: 72,500
4. General Dynamics (GD) -- artillery, electronics, vehicles, small arms, ships [1]Arm sales: $22.5 billiontotal sales: $24.9 billionGross profit: $1.9 billiontotal workforce: 71,000
3. BAE Systems -- aircraft, artillery, electronics, vehicles, missiles, ships [1]Arm sales: $23.8 billiontotal sales: $32.7 billionGross profit: $2.5 billiontotal workforce: 95,100
2. Boeing (BA) -- aircraft, electronics, missiles, space [1]Arm sales: $29.2 billiontotal sales: $30.7 billionGross profit: $2.3 billiontotal workforce: 93,500
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1. Lockheed Martin (LMT) -- aircraft, electronics, missiles, space [1]Arm sales: $31.8 billiontotal sales: $68.7 billionGross profit: $4 billiontotal workforce: 171,700
Arm sales:$36.3 billiontotal sales: $46.5 billionGross profit: $2.7 billiontotal workforce : 123,000
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