Arms contractors make profit from wars :: Mmegi Online

The ongoing conflict between Russia and Ukraine has brought to the surface some debate that goes beyond the number of casualties, destruction of critical infrastructure, plight of the internally and externally displaced, etc. but a debate more centred on the biggest beneficiaries of all the bloodletting and carnage that is going on in Ukraine and other parts of the world.

The military contractors from the West, especially the United States of America and Western Europe, see the ongoing war as a big window of opportunity to reap huge profits from this war the same way they have benefited from other wars through the sale of arms.

NATO arms contractors are openly embracing the crisis in Ukraine as sound business. In January TruthOut Newsonline cited the CEO of Raytheon, Greg Hayes saying: “With tensions in Europe, I fully expect we are going to see some benefits”. In the same vein his counterpart at Lockheed Martin, Jim Taiclet highlighted the “great benefits of great power competition in Europe” to the shareholders of the company.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Arms contractors make profit from wars

Explore

More

Where is the reward? Moagi questions state's P4.7 million corruption case

High loan costs force Batswana to shelve borrowing

Debswana, Boteti District Council boost food security

Selefu

Xpress Batteries expands beyond South Africa with first Botswana store

Lands Ministry accused of defying Boko's Bonno project

Gov't, unions deadlocked on per diem talks

Court rejects bid to jail gov't officials for contempt

Public servants deserve better than union infighting