10 Companies That Mint Huge Profit From War
4. Raytheon
Total Sales 2012: $24.4 billion
Total Profit 2012:$1.9 billion
Waltham, Massachusetts based company Raytheon is one of the largest defense contractors in the U.S. Tomahawk Cruise missile is the specialized product of the company. The arm sales has fallen to $22.5 billion in 2011 which was $23 billion in 2010 leading to a fall of 3 percent in 2013 due to the effects of sequestration on the company (seizure of property for creditors or the state). Raytheon has bucked up in the race and making benefits from the export in foreign countries.
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5. General Dynamics
Total Sales 2012: $31.5 billion
Total Profit 2012:$332 million
Virginia based General Dynamics has set its legs with $19.5 billion in 2011 as the third largest contractor of the U.S. government, of which $12.9 billion worth went to Navy and an additional $4.6 billion went to army. The production involves electric boats, tracked and wheeled military vehicles, and battle tanks. The company employs almost 95,000 workers; moreover, the company still worries with its issues regarding sequestration
