US Weapons Manufacturers Enjoy Soaring Profits Thanks to War in Ukraine

US Weapons Manufacturers Enjoy Soaring Profits Thanks to War in Ukraine

War is a racket

Paul Joseph Watson

The US military-industrial complex is making massive gains as a result of the war in Ukraine and other global conflicts, with weapons manufacturers enjoying soaring profits.

Data released by the State Department shows that US weapons sales to other countries rose from $103.4 billion in 2021 to $153.7 billion in 2022.

The leap was largely thanks to US support for prolonging the war in Ukraine.

Germany’s order of 35 F-35 Joint Strike Fighter airplanes for $8.4 billion and Poland’s $6 billion spend on 250 M1 Abrams tanks also bumped up the numbers.

$3 billion in weapons sales to Saudi Arabia, a country which the Biden administration promised to stop arming due to its war in Yemen, also inflated the figure, as did $2.2 billion to the United Arab Emirates and a $1.1 billion weapons package for Taiwan.

Lockheed Martin, which develops the F-16, F-22, and F-35 fighter jets, saw its profits jump 7.13% to $19 billion in the fourth quarter of 2022.

Northrop Grumman is also expected to report 11.8% revenue growth for fourth quarter earnings, thanks in part to its manufacture and sale of F-35 fighter jets.

Raytheon, the maker of the Patriot Air Defense System which the Biden administration is set to supply Ukraine with, enjoyed a Q4 profit rise of nearly 18% compared to last year.

News of the profits has served as a reminder of a 1935 essay written by United States Marine Corps Major General Smedley D. Butler, who famously said “war is a racket,” pointing out how gunpowder manufacturer the DuPont Company saw their profits increase by more than 950% during The Great War.

Meanwhile, Ukraine President Volodymyr Zelenskyy’s comments to Sky News will be music to the ears of the permanent war industry.

In an interview with Kay Burley, Zelenskyy said he was “not interested” in meeting with Putin or anyone else from Russia for peace talks.

Yesterday, German Foreign Minister Annalena Baerbock basically declared war on Russia during a debate at the Parliamentary Assembly of the Council of Europe (PACE).

“We are fighting a war against Russia and not against each other,” said Baerbock.

German foreign minister declares war on Russia pic.twitter.com/C4cAqnZXhD

— Michael Tracey (@mtracey) January 25, 2023

*********

(TLB) published this article from Summit News

Header featured image (edited) Credit:  Raytheon/NurPhoto via Getty Images

Emphasis added by (TLB) editors

••••

••••

Stay tuned to …

••••

The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)

••••

Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.

••••

Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.

••••

Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.