News 5 Companies Profiting From The War, May Be You Are Working In...

5 Companies Profiting From The War, May Be You Are Working In One Of Them

Almost every country spends a big amount of financial resources to raise and maintain their armed forces or in simple words to fight a war. The business of war is profitable. In 2012, the 100 largest arms producers and military services contractors recorded $395 billion in arms sales.

Companies Profiting From The War
Source: CBC

Companies have benefited tremendously from the growth in military spending across the globe. Here is the list of the some of the more unlikely companies who benefit from the act of war:

1. Rolls-Royce

Rolls-Royce profiting from war
Source: Car and Driver

The famous brand associated with luxury, class and style. But according to a report by 24/7 Wall St, Rolls-Royce manufacture engines for the U.S. Air Force’s C-130 Hercules transport aircraft as well as military helicopters and fighter jets. In 2015, ver one-fifth of the company’s revenue came from the military contract. They rank at 16 on the list for arms sales at $4.79 billion; with a total sales value at a whopping $20.40 billion.

2. Bechtel

It is the largest construction and civil engineering company in the United States. As 24/7 Wall St reported, 14 percent of the revenue comes from defence contracts. Arms sales are a reported $4.60 billion of total sales amounting to $32.3 billion.

3. United Technologies Corp

It is an American multinational conglomerate, Mainly known for its installation and maintenance of elevators (under its subsidiary Carrier and Otis) and air-conditioning units. The company ranks 8 out of 20 for the biggest profiteers from war. Arms sales in total for 2015 were $9.5 billion, and profits cleared the $4.3 billion mark.

4. Huntington Ingalls Industries

The company rakes in a rough annual profit of $404 million after arms sales of $6.74 billion and total sales of $7.02 billion.

5. Boeing

 Boeing benefits from the war
Source: Today Newspaper

The second-largest defence contractor behind Lockheed Martin Corp., Boeing, who helps design parts for Air Force One, generated 62 percent of its defence revenue (27.96 billion) from the Department of Defense.


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