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OpinionsU.S. and world armament companies making huge money from Ukraine war

U.S. and world armament companies making huge money from Ukraine war

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Massive efforts are needed to bring about an early negotiated deal

BY JOHN WOJCIK

The wars in Ukraine, the Middle East and elsewhere have fueled skyrocketing U.S. and global arms sales. Those sales were already
rising even before the start of the 10-month war in Ukraine. According to figures published this week, there have been seven
straight years now of rapidly rising war profits.
A report by the Stockholm Peace Research Institute said that sales of weapons and associated “services” by the
's 100 biggest military supplies companies rose by 1.9 per cent to a staggering $592 billion in 2021.According to the institute,
40 U.S. companies made sales totalling $299 billion in 2021.These figures do not include the many billions in sales of weapons to
the Pentagon during the Ukraine War.
Five U.S. companies headed the list of top-selling arms manufacturers: Lockheed Martin, Raytheon Technologies, Boeing,
Northrop Grumman and General Dynamics. Each of those companies have dumped thousands of dollars in contributions to both
Republican and Democratic lawmakers, ensuring support for not just the war in Ukraine but for other military adventures around the
world. The Pentagon called in all five of those companies early in 2022 and asked them to provide what it said would be a
continuing supply of weapons needed for a long-term war against Russia. They didn't even mince words by at least pretending to
be concerned for freedom or peace in Ukraine.
The increase in profits by the weapons makers took place despite problems with the shipping of some components. The rip-off
of the public till has not been limited to just the war machines in the U.S. Israel's Elbit Systems was also among the world's top
arms manufacturers with the Middle East's rate of growth in arms sales outstripping the rest of the world. Sales by Elbit Systems
jumped from $4.2billion in 2020 to $4.75 billion, making it 28th on the list of the top 100 arms makers in the world.
This is the highest ranking for an Israeli military supplies firm since Israel Aerospace Industries was in 27th place in 2002.The
Stockholm International Peace Research Institute said that five Middle Eastern companies reported a 6.5 per cent surge in sales to
$15billion.As well as Elbit, the other companies were IAI, Rafael and Turkey's ASELSAN and Turkish Aerospace.
Lucie Beraud-Sudreau, director of the institute's military expenditure and arms production program, said: “We might have
expected even greater growth in arms sales in 2021 without persistent supply chain issues.“Both larger and smaller arms
companies said that their sales had been affected during the year. Some companies, such as Airbus and General Dynamics,
also reported labour shortages.”

European arms companies anxious to cash in on the war in Ukraine did not do as well as their U.S. counterparts because
they had to struggle more with supply chain blockages, which led to many of them actually losing out to U.S. war profiteers who
were at the top of the heap.
The fossil fuel companies in the U.S. have joined the U.S. armament makers as major beneficiaries of the war in Ukraine as
they sell their expensive fracked gas which Europe is forced to buy to replace the cheaper Russian gas they benefited from for
many years. The CEOs of U.S. weapons companies and U.S. fossil fuel companies both are having a Merry Christmas this
year as they wallow in the profits they are raking in from the war in Ukraine.
France's Dassault Aviation Group was an exception to the rule that European armament makers have taken a hit, registering
a growth in sales of 59 per cent to $6.3 billion in 2021. The centuries-long U.S.-French “partnership for freedom” heralded at
the White House state dinner recently has paid off for the French, at least for the French who make weapons of war.
Andrew Feinstein, author of The Shadow World: Inside the Global Arms Trade, was interviewed recently by the Morning
Star, the daily socialist newspaper in the UK. He said: “This rise in arms sales, along with an increase in general defense
spending to over $2 trillion in the past year, materially benefits the politicians, corporate executives, military and
intelligence leaders and assorted intermediaries who constitute the global security elite, while actually making the
world a less safe place.”
In the U.S. much blame for failure to carry out major parts of the Biden domestic agenda is placed on the high costs of
domestic spending and fear of “inflation” when, in fact, it is the military that is handed to the armament makers that
contributes both to making the world more dangerous and reducing our ability to spend the money needed to solve problems
here at home.
A powerful peace movement is needed to counter the war makers but such a movement will be built only when we increase
awareness of who it is that is profiting from the wars that are underway today and therefore who it is that is responsible for those
wars.

Courtesy: People's World

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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