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The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services.
Just 10 of those companies sold over $208 billion.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest
military budget in the world.
In 2000, the U.S. defense budget was approximately $312 billion. By 2011, that figure had grown to $712 billion.
Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among
the top 100 companies grew by 51%.
(SIPRI - Stockholm International Peace Research Institute)
1. Lockheed Martin*(NYSE: LMT)
> Arm sales 2011: $36.3 billion
> Total profit: $2.7 billion
> Sector: Aircraft, electronics, missiles, space
2. Boeing (NYSE: BA)
> Arm sales 2011: $31.8 billion
> Total profit: $4.0 billion
> Sector: Aircraft, electronics, missiles, space
3. BAE Systems
> Arm sales 2011: $29.2 billion
> Total profit: $2.3 billion
> Sector: Aircraft, artillery, electronics, military vehicles, missiles, small arms/ammunition, ships
4. General Dynamics (NYSE: GD)
> Arm sales 2011: $23.8 billion
> Total profit: $2.5 billion
> Sector: Artillery, electronics, military vehicles, small arms/ammunition, ships
5. Raytheon (NYSE: RTN)
> Arm sales 2011: $22.5 billion
> Total profit: $1.9 billion
> Sector: Electronics, missiles
6. Northrop Grumman (NYSE: NOC)
> Arm sales 2011: $21.4 billion
> Total profit: $2.1 billion
> Sector: Aircraft, electronics, missiles, ships, space
7. EADS
> Arm sales 2011: $16.4 billion
> Total profit: $1.4 billion
> Sector: Aircraft, electronics, missiles, space
8. Finmeccanica
> Arm sales 2011: $14.6 billion
> Total profit: $3.2 billion
> Sector: Aircraft, artillery, engines, electronics, military vehicles, missiles, small arms/ammunition
9. L-3 Communications*(NYSE: LLL)
> Arm sales 2011: $12.5 billion
> Total profit: $956 million
> Sector: Electronics
10. United Technologies (NYSE: UTX)
> Arm sales 2011: $11.6 billion
> Total profit: $5.3 billion
> Sector: Aircraft, electronics, engines
Just 10 of those companies sold over $208 billion.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest
military budget in the world.
In 2000, the U.S. defense budget was approximately $312 billion. By 2011, that figure had grown to $712 billion.
Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among
the top 100 companies grew by 51%.
(SIPRI - Stockholm International Peace Research Institute)
1. Lockheed Martin*(NYSE: LMT)
> Arm sales 2011: $36.3 billion
> Total profit: $2.7 billion
> Sector: Aircraft, electronics, missiles, space
2. Boeing (NYSE: BA)
> Arm sales 2011: $31.8 billion
> Total profit: $4.0 billion
> Sector: Aircraft, electronics, missiles, space
3. BAE Systems
> Arm sales 2011: $29.2 billion
> Total profit: $2.3 billion
> Sector: Aircraft, artillery, electronics, military vehicles, missiles, small arms/ammunition, ships
4. General Dynamics (NYSE: GD)
> Arm sales 2011: $23.8 billion
> Total profit: $2.5 billion
> Sector: Artillery, electronics, military vehicles, small arms/ammunition, ships
5. Raytheon (NYSE: RTN)
> Arm sales 2011: $22.5 billion
> Total profit: $1.9 billion
> Sector: Electronics, missiles
6. Northrop Grumman (NYSE: NOC)
> Arm sales 2011: $21.4 billion
> Total profit: $2.1 billion
> Sector: Aircraft, electronics, missiles, ships, space
7. EADS
> Arm sales 2011: $16.4 billion
> Total profit: $1.4 billion
> Sector: Aircraft, electronics, missiles, space
8. Finmeccanica
> Arm sales 2011: $14.6 billion
> Total profit: $3.2 billion
> Sector: Aircraft, artillery, engines, electronics, military vehicles, missiles, small arms/ammunition
9. L-3 Communications*(NYSE: LLL)
> Arm sales 2011: $12.5 billion
> Total profit: $956 million
> Sector: Electronics
10. United Technologies (NYSE: UTX)
> Arm sales 2011: $11.6 billion
> Total profit: $5.3 billion
> Sector: Aircraft, electronics, engines
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