A Review of an Aug 28, 2013 post. Look at all the money those war material manufacturers will be making. Is this Obama’s job stimulus program? Green is for m-o-n-e-y.
It was no surprise that the stock market dropped yesterday. A 1.59% drop in one day on the S&P 500. After all the threat of the United States at war in Syria could have an additional impact on our country. Most likely it will impact every country as the cost of oil and other commodities increases.
Then today the stock markets in the United States have risen by .3%. How can that be? Why would the stock market rise when the threat of war is still so prominent?
MSN Money seems to have the answer. “Sales for the world’s 100 largest arms producers amounted to $411 billion in 2010, according to the Stockholm International Peace Research Institute. That was up 1% from the year before, a modest rise that was held in check by the drawdown of foreign forces in Iraq.”
The top ten listed below.
United Technologies
- Arms sales in 2010 $11.4 billion
L-3 Communication
- Arms sales in 2010 $13.1 billion
Finmeccanica
- Arms sales in 2010 $14.4 billion
EADS
- Arms sales in 2010 $16.4 billion
Raytheon
Arms sales in 2010 $23 billion.
- Raytheon’s web site says, “The combat-proven Tomahawk is the world’s most capable cruise missile and is ideally suited for critical long-range, precision-strike missions against high-value with minimal collateral damage.”
- Arms sales as percent of total revenue: 91%.
- Total Number of Employees: 72,400.
General Dynamics
- Arms sales in 2010 $23.9 billion
Northrop Grumman
- Arms sales in 2010 $28.2 billion
Boeing
- Arms sales in 2010 $31.4 billion
BAE Systems
- Arms sales in 2010 $32.9 billion
Lockheed Martin
- Arms sales in 2010 $35.7 billion
- Among Lockheed’s major products are the Trident missile and the F-16 and F-22 fighter jets.
- Arms sales as percent of total revenue: 78%
Is this the impact of the Military–industrial complex?
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