10 Companies That Mint Huge Profit From War
8. United Technologies
Total Sales 2012: $13.5 billion
Total Profit 2012:$5.2 billion
United Technologies is solely stands for the recognition of consecutive growth in its arms sales. The company made a recorded growth in arms scale from $11.6 billion in 2011 to $13.5 billion in 2012. The production of notably military helicopters, including the Black Hawk helicopter for the U.S. Army and Seahawk helicopter for the U.S. Navy accounted for $4.5 billion sales in 2012. The company also produces elevators, escalators, air-conditioners and refrigerators.
9. Finmeccanica
Total Sales 2012: $22.1 billion
Total Profit 2012:$1.0 billion
Fimmeccanica is leading industrial group in the high technology in the field of aerospace, defence and security. The company deals in the manufacturing of aircraft, artillery, missiles, electronics, vehicles and engines. The company encountered a serious decline of $2 billion from 2011 in its arms sales, also the company found to defend itself from the allegations that it provide a bribe to win a contract of $750 million contract and to provide 12 helicopters to the Indian government in 2010.
10. L-3 Communications
Total Sales 2012: $13.1 billion
Total Profit 2012:$782.0 million
L-3 Communications Holdings dropped down in its ranking from the previous year that was $12.5 billion in 2011 to $10.8 billion in arms sale. The company business is subcategorized into 4 units namely-secure communications, electronics systems, national security solutions, platform and logistical solutions. In July 2012 L-3 started a new venture as ‘Engility’to minimize the cuts from the government services.
