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.

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