Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Cheese Sandwich

(9,086 posts)
Sat Dec 5, 2015, 01:13 PM Dec 2015

Business is booming: US arms makers strain to meet demand as Mideast conflicts rage

WASHINGTON (Reuters) - Top U.S. arms makers are straining to meet surging demand for precision missiles and other weapons being used in the U.S.-led fight against Islamic State and other conflicts in the Middle East, according to senior U.S. officials and industry executives.

Global demand for U.S.-made missiles and so-called smart bombs has grown steadily since their use in the first Gulf War. But the United States and a host of allies are now rushing to ensure a stable supply of such weapons for what is expected to be a long fight against Islamic State, whose rise has fueled conflict in Syria and across a swathe of the Middle East.

U.S. officials say arms makers have added shifts and hired workers, but they are bumping up against capacity constraints and may need to expand plants or even open new ones to keep weapons flowing. That could create further log-jams at a time when U.S. allies are voicing growing concern that Washington's processing of arms sales orders is too slow.

Islamic State's deadly attacks in Paris last month have added urgency to the U.S.-led bombing campaign against the group in Iraq and Syria. The campaign had resulted in 8,605 strikes at an estimated cost of around $5.2 billion as of Dec. 2.
...
http://news.yahoo.com/u-arms-makers-strain-meet-demand-mideast-conflicts-201940996--finance.html
4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Business is booming: US arms makers strain to meet demand as Mideast conflicts rage (Original Post) Cheese Sandwich Dec 2015 OP
Defense Contractors Cite “Benefits” of Escalating Conflicts in the Middle East Cheese Sandwich Dec 2015 #1
These companies mostly employ well-paid union workers. branford Dec 2015 #2
Companies profit from war and pay politicians to start war Cheese Sandwich Dec 2015 #3
Most of these wars exist, and will continue to happen, without the prodding or support branford Dec 2015 #4
 

Cheese Sandwich

(9,086 posts)
1. Defense Contractors Cite “Benefits” of Escalating Conflicts in the Middle East
Sat Dec 5, 2015, 05:05 PM
Dec 2015
Major defense contractors Raytheon, Oshkosh, and Lockheed Martin assured investors at a Credit Suisse conference in West Palm Beach this week that they stand to gain from the escalating conflicts in the Middle East.

Lockheed Martin Executive Vice President Bruce Tanner told the conference his company will see “indirect benefits” from the war in Syria, citing the Turkish military’s recent decision to shoot down a Russian warplane.

The incident, Tanner said, heightens the risk for U.S. military operations in the region, providing “an intangible lift because of the dynamics of that environment and our products in theater.” He also stressed that the Russian intervention would highlight the need for Lockheed Martin-made F-22s and the new F-35 jets.

And for “expendable” products, such as a rockets, Tanner added that there is increased demand, including from the United Arab Emirates and Saudi Arabia because of the war in Yemen.
...
more: https://theintercept.com/2015/12/04/defense-contractors-cite-benefits-of-escalating-conflicts-in-the-middle-east/

 

branford

(4,462 posts)
2. These companies mostly employ well-paid union workers.
Sat Dec 5, 2015, 05:12 PM
Dec 2015

Last edited Sat Dec 5, 2015, 05:51 PM - Edit history (1)

If there's going to be worldwide conflicts, and there will be even if these American and allied companies didn't exist, I'm glad American labor will strongly benefit, and the belligerents will use well-made precision US armaments to reduce collateral damage.

 

branford

(4,462 posts)
4. Most of these wars exist, and will continue to happen, without the prodding or support
Sat Dec 5, 2015, 05:57 PM
Dec 2015

of the USA or these companies, and often belligerents in certain conflicts do indeed warrant American support, such as the Kurds against ISIS and Assad. We do not live in a world of rainbows and unicorns.

I am a realist, and would much prefer parties utilize well-made precision armaments, made by unionized American workers, than Chinese, Russian or other crap manufactured by companies or powers hostile to the USA and our allies.


Latest Discussions»General Discussion»Business is booming: US a...