With candor you don't hear in official circles, top arms contractors say recent violence and tension works in their shareholders' favor.
But if you look at [defense budget growth] — and it’s evident each day that goes by. If you look at the evolving threat level and the approach that some countries are taking, including North Korea, Iran and through some of its proxies in Yemen and elsewhere, and especially Russia today, these days, and China, there’s renewed great power competition that does include national defense and threats to it.
Raytheon CEO Greg Hayes took a cruder approach, appearing to celebrate a potential war over Ukraine and Houthi drone attacks on the UAE as good indicators for future weapons sales, responding to an analyst’s question about increased demand for weapons “from international countries just given the rising tensions.”…[W]e are seeing, I would say, opportunities for international sales.
But in a moment of rare self-awareness in the calls, Northrop Grumman’s CEO attempted to distance herself from the celebration of increased global conflict by making the bold claim that the world’s fifth largest weapons manufacturer — and aKathy Warden saidI do want to be clear. We are a defense contractor. And so we are supporting global security missions, largely in areas of deterrents, but also inclusive of weapon systems.
No doubt, their departure from the cluster munitions and depleted uranium ammunition business is a positive step for human rights, but the idea that one of the world’s biggest producers of missiles, bombers, drones, and nuclear weapons “promote[s] global human rights” tests the limits of credulity.
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