Top 5 War Profiteering Companies. War is business, now more than ever. This list has the 5 companies in it that most profiteer from all the wars in the world today.
5. General Dynamics, America: $20.94 billion
This list was compiled by the Stockholm International Peace Research Institute. Genera Dynamics pockets over 20 billion a year. This Virginia based company can trace its history back to the Holland Torpedo Boat Company, which made American’s first submarine boat back in 1900. The modern business is split into four sections: Marine Systems, Combat Systems, Information Systems and Technology, and Aerospace.
4. Raytheon, America : $22.5 billion
Raytheon is the world’s largest producer of guided missiles. The various names of the company’s missiles (Patriot, Tomahawk, and Javelin) are familiar among the masses in the gaming and action film worlds. They also produced the controversial Rapid Information Overlay Technology (RIOT) system which harvests data from social media sites in order to track individuals.
3. BAE Systems, England : $26.85 billion
British Aerospace Marconi Electronic Systems is one of a few non-American companies on this list, and it’s a result of a 1999 £7.7bn merger of several predecessor companies which include the makers of the Harrier Jump Jet (the world’s first Vertical Take Off and Landing Aircraft), the comet (the world’s first commercial jet), and Concorde. The company is the producer of the Typhoon and Tornado Jets, which are used by the British RAF in their front-line defence of British airspace.
2. Boeing, America: $27.61 billion
In 2013, Boeing took $86.6bn in sales – around a third of which was arms sales. The sections primarily responsible for these arms sales is made up of the former “Military Aircraft and Missile Systems” and “Space and Communications” divisions. The company makes use of its aerospace expertise in its production of bombers, fighter aircraft, and UAVs.
1. Lockheed Martin, America: $36 billion
In 2012 Lockheed Martin made just under $4 billion profit(!). the majority of which comes from the American government (in 2009 it received just over 7% of all of the funds from the Pentagon). The enormous company employs 120,000 of the world’s brightest scientists, engineers, and lobbyists. The company is responsible for the world’s most advanced tactical fighter jet, the F-22 Raptor.