Which U.S. Companies Profited from Arming Hosni Mubarak?
Tuesday, February 01, 2011
Whatever becomes of Egypt’s president, Hosni Mubarak, the last 30 years of his reign have been good for American defense contractors. With more than $1 billion a year in military assistance from Washington, Mubarak’s government has purchased a lot of firepower made in the U.S.A.
Over the past 10 years alone, the Department of Defense has brokered more than $11 billion in U.S. arms sales to Egypt from companies like Lockheed Martin ($3.8 billion) General Dynamics ($2.5 billion), Boeing ($1.7 billion), Raytheon ($750 million) and General Electric ($750 million).
The Egyptian military arsenal includes F-16 fighter planes (Lockheed Martin), M1A1 tanks (General Dynamics), Harpoon, TOW, Hellfire, and Stinger missiles (Boeing, Raytheon and Lockheed Martin), howitzers (United Defense) and aircraft engines (General Electric).
Who Profited From Arming Egypt? (by William Hartung, Huffington Post)
Arab Dictatorships Take 4 of Top 5 Spots in Purchase of U.S. Weapons and Services (by Noel Brinkerhoff and David Wallechinsky, AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Intelligence Contractors Give Millions to Congressional Oversight Members
- Major Tech Firms, Fearing Loss of Profits, Call for Reform of Government Surveillance; Obama Hedges
- Obscure Government Agency Brings Criminal Charges against 107 Bankers, but Stays Clear of Wall Street
- Obama Administration Accused of Cherry-Picking Intelligence on Syrian Chemical Weapons
- Colorado Town Drafts Ordinance Allowing Citizens to Shoot down Drones