10 Companies That Mint Huge Profit From War

BANGALORE: War is not just about lethal destruction; it is also about making lucrative business. Today’s scenario demands for a modernization in military technology, distinctly the situation evokes the ideas of moneymaking out of the war. A report by 24/7 Wall st. examined that 100 largest arms producers and military services contractors recorded $395 billion in arms sales in 2012. Below listed are the top 10 companies that are profiting from the war with the most arms sales (including planes, vehicles and weapons)

1. Lockheed martin (LMT)

Total Sales 2012: $47.2 billion

Total Profit 2012: $ 2.7 billion

LMT leading the market in arm sales offers an employment opportunity to over 120,000 workers as of 2012.

The company manufactures a wide range of equipments and specialized in aircrafts, missiles and radars. The arm sale alone accounts for 78 percent of company’s total sale. Company’s unique concern is regarding the effects of “fiscal cliff”- a combination of expiring tax cuts and across-the-board government spending cuts scheduled. LMT has been the legatee of government procurement contracts and holds the crown in the Washington Technology Top 100 companies for 19 years consecutively.