Total 2015 defense revenues for the Top 100 companies came in at $356.7 billion, down more than 7 percent from the 2014 Top 100 total of $385.8 billion. The top 25 companies accounted for 73 percent of total defense revenues in the year, and the Top 10 firms accounted for 54 percent of total defense revenues in the year, an improvement from the last two cycles, which saw that percentage drop a point each in 2013 and 2014.
Geographically, 41 of the Top 100 firms are based in the US, which accounted for 60 percent of total defense revenue, up from 54 percent in 2014 – a sign that even as other nations expand their defense industries, American companies remain dominant on the global stage. Europe has 27 companies featured, which increases if Russia’s six major defense companies are included, while the Asia-Pacific region has 17 companies. In contrast, Africa and South America were represented by a single firm each. …
Tag Archives: Defence contractors
U.S. Defense Contractors: Russian Threat Is Great for Business
Retired Army Gen. Richard Cody, a vice president at L-3 Communications, the seventh largest U.S. defense contractor, explained to shareholders in December that the industry was faced with a historic opportunity. Following the end of the Cold War, Cody said, peace had “pretty much broken out all over the world,” with Russia in decline and NATO nations celebrating. “The Wall came down,” he said, and “all defense budgets went south.”
Now, Cody argued, Russia “is resurgent” around the world, putting pressure on U.S. allies. “Nations that belong to NATO are supposed to spend 2 percent of their GDP on defense,” he said, according to a transcript of his remarks. “We know that uptick is coming and so we postured ourselves for it.”
The mission of the F-35
The F-35 Joint Strike Fighter is possibly one of the most useless jets and biggest waste of taxpayer money ever conceived by the US military. In fact, according to Pierre Sprey, one of the three men that created the F-16, the point of this plane is “to spend money.” He clarifies, “that is the mission of the airplane, is for the US Congress to send money to Lockheed [Martin].”
TNI: War Profiteers Are Now Refugee Profiteers
The report (pdf), Border Wars: The Arms Dealers Profiting from Europe’s Refugee Tragedy, released jointly by the European Stop Wapenhandel and Transnational Institute (TNI) on Monday, outlines arms traders’ pursuit of profit in the 21st century’s endless conflicts.
“There is one group of interests that have only benefited from the refugee crisis, and in particular from the European Union’s investment in ‘securing’ its borders,'” the report finds. “They are the military and security companies that provide the equipment to border guards, the surveillance technology to monitor frontiers, and the IT infrastructure to track population movements.”
Cerberus and the profits of mass murder
But Cerberus is also very big in guns. It is run by people for whom everything is just business, from firesales to firearms, from Irish property deals to selling weapons of war to anyone who wants them. The connection between Belfastand Orlando reminds us of a truth that is easily forgotten – behind every mass shooting by a deranged psychopath in the US is a very profitable industry owned by Ivy League graduates with clean hands and manicured nails, respectable people who fund politicians in Congress and host charity galas inManhattan. If they had a slogan it would be the old Roman adage, pecunia non olet – money has no smell.
F-18 fighter jet – a “nice margin generator.”
“F-18 has been a great program for this company and continues to be,” CFO Ken Bedingfield told investors this week at Citi’s Industrials Conference in Boston, adding that it’s also a “nice margin generator.”
Wilkerson: USA is “the death merchant of the world”
“Was Bill Clinton’s expansion of NATO — after George H. W. Bush and [his Secretary of State] James Baker had assured Gorbachev and then Yeltsin that we wouldn’t go an inch further east — was this for Lockheed Martin, and Raytheon, and Boeing, and others, to increase their network of potential weapon sales?” Wilkerson asked.
“You bet it was,” he answered.
“Is there a penchant on behalf of the Congress to bless the use of force more often than not because of the constituencies they have and the money they get from the defense contractors?” Wilkerson continued.
Again, he answered his own question: “You bet.” Continue reading
Less oversigh or more delays for expensive F-35’s upgrades
“This modernization effort is like a new program with estimated costs of about $3 billion over the next six years,” Michael Sullivan, director of acquisition and sourcing management issues at GAO, told the House Armed Services Committee on March 23. “That price alone would qualify it as a major defense acquisition program in it own right and it should be managed as such.”
The nightmare of F-35s
Not only would the F-35 take off from land bases like most conventional fighters do—it would also be able to launch from aircraft carriers and lift off vertically from smaller assault ships.
To do all these things today, the Pentagon possesses no fewer than eight different types of fighters. Dogfighting F-15s and F-16s. Hard-hitting A-10 ground-attack planes. Several kinds of carrier-launched F/A-18s. Vertical-takeoff Harriers. Continue reading
Weapons manufacturer takes over 400 council jobs in education
NEARLY 400 council jobs across Worcestershire are going to be privatised in a £38 million deal.
Worcestershire County Council’s Conservative leadership has today agreed that an array of school support jobs can be handed to Babcock International from October.
The jobs, known at County Hall as ‘Learning and Achievement’, offer a vast array of advice and help to schools including everything from school admissions, post-16 education, teacher training and educational psychology.
Richest counties in the United States; Defense Industry
Something very similar is true of America’s sprawling defense apparatus. The Pentagon, with its $585 billion budget and millions of contractors, are a huge part of why northern Virginia has the richest counties in the nation. Add to that the tangled complex of intelligence agencies (so ludicrously over-classified that even their topline budget numbers are secret, though the total came to $53 billion in 2012) whose lawless incompetence does not even slightly diminish their enormous political clout, and you’ve got a force to be reckoned with.
“The US’s military procurement machine may be the single most successful system of wealth transfer ever devised”
The US’s military procurement machine may be the single most successful system of wealth transfer ever devised – moving tens of billions of dollars every year from ordinary taxpayers into the pockets of big defense contractors and their allies in Congress. But as a provider of working equipment to defend the United States against realistic threats, it is becoming more and more dysfunctional with every passing year.
5% Digest (week 06/04/15)
Director of Central Intelligence John Brennan stated,
“It’s a long war, unfortunately. But it’s been a war that has been in existence for millennia, at the same time—the use of violence for political purposes against noncombatants by either a state actor or a subnational group.
Terrorism has taken many forms over the years. What is more challenging now is, again, the technology that is available to terrorists, the great devastation that can be created by even a handful of folks, and also mass communication that just proliferates all of this activity and incitement and encouragement. So you have an environment now that’s very conducive to that type of propaganda and recruitment efforts, as well as the ability to get materials that are going to kill people. And so this is going to be something, I think, that we’re always going to have to be vigilant about. There is evil in the world and some people just want to kill for the sake of killing…This is something that, whether it’s from this group right now or another group, I think the ability to cause damage and violence and kill will be with us for many years to come.”
Micah Zenko summarised Brennan’s whole speech:
To summarize, the war on terrorism is working, compared to inaction or other policies. But, the American people should expect it to continue for millennia, or as long as lethal technologies and mass communication remain available to evil people.
5% Digest (week 30/03/15)
Physicians for Social Responsibility’s (PRS) study concluds that the death toll from 10 years of the “War on Terror” since the 9/11 attacks is at least 1.3 million, and could be as high as 2 million.
It is heavily critical of the figure most widely cited by mainstream media as authoritative, namely, the Iraq Body Count (IBC) estimate of 110,000 dead. According to the PSR study, the much-disputed Lancet study that estimated 655,000 Iraq deaths up to 2006 (and over a million until today by extrapolation) was likely to be far more accurate than IBC’s figures.
total deaths from Western interventions in Iraq and Afghanistan since the 1990s – from direct killings and the longer-term impact of war-imposed deprivation – likely constitute around 4 million (2 million in Iraq from 1991-2003, plus 2 million from the “war on terror”), and could be as high as 6-8 million people when accounting for higher avoidable death estimates in Afghanistan.
5% Digest (week 16/03/15)
According to SIPRI’s latest report, there is a 16% increase in the volume of arms transferred around the world. The world’s biggest arms exporters in the past five years were the US, Russia, China, Germany and France. China’s exports of major arms rose by 143% in the five years to 2014 from the previous five years. Germany’s arms exports fell by 43% and France’s dropped 27% in the same time frame.
India was the world’s largest single arms importer. Four other Asian countries, China, Pakistan, South Korea and Singapore, are also among the top 10 largest arms importers.
November Reading List
- Fracking could carry unforeseen risks as thalidomide and asbestos did, says report
- This headline will subtly mislead you and science says that probably matters
- 5 Key Takeaways From the Latest Climate Change Report
- Why Ebola hit West Africa hard
- Nuclear Arms Control in China Today
- Texas oil town makes history as residents say no to fracking
- The secular stagnation hoax
- The Pentagon’s Arguments for Runaway Arms Trading Are Indefensible
- World’s first solar cycle lane opening in the Netherlands
- Raytheon acquires cyber firm for $420 million
- America’s New Mercenaries
- What’s the environmental impact of modern war?
- Petraeus joins pro-fracking choir at Harvard’s Belfer Center
- Stakes are high as US plays the oil card against Iran and Russia
- Foundation of US nuclear system showing cracks
- Midterms 2014: The Red Wedding for Democrats
- Can (green) energy policy create jobs?
- Death Wears Bunny Slippers
- It is the 0.01% who are really getting ahead in America
- The Transatlantic Trade and Investment Partnership and UK healthcare
- Is neoliberalism at last unravelling in Britain?
- For Whom the Wall Fell? A balance-sheet of transition to capitalism
- Ministers’ shale gas ‘hype’ attacked
- Some Very Initial Thoughts on the US-China Deal
- The social, political and ecological pathologies of the Ebola Crisis cannot be ignored
- F’d: How the U.S. and Its Allies Got Stuck with the World’s Worst New Warplane
- Spied on by BP
- How did the first world war actually end?
- Don’t Throw Billions at an Obsolete Nuclear Arsenal
- Hard Evidence: are we facing another financial crisis?
- Growth: the destructive god that can never be appeased
- Cameron is right to warn of another recession, but wrong to blame the world
- The Top 5 Foreign Policy Lessons of the Past 20 Years
- The .01 Percent Blow Their Fortunes on Yachts, Personal Jets and America’s Politicians
- How much is owed to Gaza? Does anyone know? This is not a rhetorical question. I’m really asking!
- International arms firm Lockheed Martin in the frame for £1bn NHS contract
- We Love the Pentagon’s ‘Encyclopedia of Ethical Failure’
- Massive Rail Deal Gives China’s Push Into Africa a Major Win
- Exaggeration Nation
- Barclays boycotted over Israel arms trade shares
- Firms invested £17bn in companies making cluster bombs, report says
- There is Nothing Natural about Gentrification
- 41 men targeted but 1,147 people killed: US drone strikes – the facts on the ground
- The ‘crass insensitivity’ of Tower’s luxury dinner for arms dealers, days after poppy display
- Fracking firm’s plans to look for gas in North Yorkshire criticised by environmental groups
- House Republicans just passed a bill forbidding scientists from advising the EPA on their own research
- Justifying War: “Just” Wars
5% Digest (October 2014)
After the Cold War, the Pentagon needs to find a new way to justify its wasteful spending and the defense and security contractors need to find a new cause to make profits. Bob Hennelly tells the story:
In 1998, President Bill Clinton tasked former Senators Gary Hart, a Colorado Democrat, and the late Warren Rudman, a New Hampshire Republican, to chair the U.S. Commission on National Security/21st Century. The Commission panel was a cross-section of the military-industrial-media complex. Its members included Leslie Gelb, longtime New York Times correspondent and editor; Norman Augustine, former CEO of Lockheed-Martin; and Army General John Galvin.
The panel gave its report and recommendations in January 2001. Both Senators Rudman and Hart concluded that it was not a matter of “if” the U.S. would suffer a mass-casualty terrorist strike but “when.” Among the panel’s recommendations was the massive integration of all of the nation’s domestic security, disaster planning and recovery functions into one behemoth called the Department of Homeland Security (DHS).
October Reading List
- A Trillion Ways To Build a New Military Industrial Complex
- The Military Takes on Climate Change Deniers
- Amazon Must Be Stopped
- Japan’s Decision on Collective Self-Defense in Context
- Far-Right Birther’s Secret Funders
- Pinkwashing: Fracking Company Teams Up With Susan G. Komen to ‘End Breast Cancer Forever’
- Cut benefits? Yes, let’s start with our £85bn corporate welfare handout
- US firms could make billions from UK via secret tribunals
- Germany Can’t Manage Its Weapons
- Warmongering Hebrew University tries to muzzle Palestinian students
- Richest 1% of people own nearly half of global wealth, says report
- UK to allow fracking companies to use ‘any substance’ under homes
- This One $486 Million Blunder In Afghanistan Sums Up The Disaster Of Military Spending
- The US and a Crumbling Levant
- Only 12% of drone victims in Pakistan identified as militants: report
- Does Rising Inequality Make a Democracy More Warlike?
- European banks and the global banking glut
- With US-led air strikes on Isis intensifying, it’s a good time to be an arms giant like Lockheed Martin
- Organised Hypocrisy on a Monumental Scale
- NASA Confirms A 2,500-Square-Mile Cloud Of Methane Floating Over US Southwest
- Netanyahu’s Not Chickenshit, the White House Is
September Reading List
- How the west created the Islamic State
- Who’s Paying the Pro-War Pundits?
- The Pentagon’s $800-Billion Real Estate Problem
- Lefties and liberals still don’t do enough to stop wars
- How the super rich got richer: 10 shocking facts about inequality
- ISIS’s Enemy List: 10 Reasons the Islamic State Is Doomed
- Why the Ukraine Crisis Is the West’s Fault
- Democracy in the Twenty-First Century
- Israeli drone conference features weapons used to kill Gaza’s children
- New Report on Water Impacts of Shale Gas Development
- Behind the headlines: Fracking and water contamination
- Story of a War Foretold: Why we’re fighting ISIS
- Richard Brooks and Andrew Bousfield, 19th September 2014. Shady Arabia and the Desert Fix. Private Eye.
- “My childhood was not an episode from Downton Abbey”
- Russell Tribunal finds evidence of incitement to genocide, crimes against humanity in Gaza
- ‘Blood on their hands’: Glasgow activists shut down drone manufacturer
- Inequality is a choice: U.S. inequality in two shocking graphics
- Europe Tries to Stop Flow of Citizens Joining Jihad
- On the streets with the People’s Climate March
- The Great Frack Forward
- The Unaffordable Arsenal