Big winners of West’s military spending bonanza revealed

Big winners of West’s military spending bonanza revealed ...
rt.com 10/06/2022 Military

Keywords:#American, #Boeing, #British, #Cold_War, #Congress, #Corporate_Military_Complex, #Europe, #European, #Lockheed, #Lockheed_Martin, #Military, #Military–industrial, #Military–industrial_complex, #Military–industrial–media, #Military–industrial–media_complex, #Moscow, #NATO, #News, #Raytheon, #Rt.com, #Russia, #Russian, #Sky_News, #Stockholm, #US, #Ukraine, #Warsaw, #Washington, #Western

The pouring of arms into Ukraine and European rearmament plans benefit weapons makers but also pose risks, a watchdog told Sky News
The sharp increase in military spending by Western countries, necessary to supply weapons to Ukraine and rearm their own militaries, is a boon to defense contractors, Sky News said on Friday.
But while the likes of Lockheed Martin and Boeing enjoy extra profits, the arms race poses a threat to European stability, the article warned, citing data from the Stockholm International Peace Research Institute (SIPRI), a leading weapons watchdog. The British outlet spoke to Siemon Wezeman, a senior researcher at the arms transfers program of the SIPRI.
NATO countries have committed more than $8 billion worth of military equipment to Ukraine with the stated goal of helping the country defend itself against Russia. More than half of the sum came from the US alone. The US Congress has already approved future defense spending related to arming Ukraine and replenishing American weapons stockpiles depleted by the aid.
American defense contractors are the ones benefiting most from the spending spree. Raytheon and Lockheed Martin will be producing replacements for the thousands of Javelin anti-tank rockets sent to Ukraine by the US and its allies. Raytheon is also the producer of the Stinger anti-aircraft missile, another popular item on the Ukraine aid lists. Lockheed Martin makes the HIMARS multiple rocket launchers, which Washington approved for sending to Ukraine in its latest package.
The sharp increase in military spending by Western countries, necessary to supply weapons to Ukraine and rearm their own militaries, is a boon to defense contractors, Sky News said on Friday.
But while the likes of Lockheed Martin and Boeing enjoy extra profits, the arms race poses a threat to European stability, the article warned, citing data from the Stockholm International Peace Research Institute (SIPRI), a leading weapons watchdog. The British outlet spoke to Siemon Wezeman, a senior researcher at the arms transfers program of the SIPRI.
NATO countries have committed more than $8 billion worth of military equipment to Ukraine with the stated goal of helping the country defend itself against Russia. More than half of the sum came from the US alone. The US Congress has already approved future defense spending related to arming Ukraine and replenishing American weapons stockpiles depleted by the aid.
American defense contractors are the ones benefiting most from the spending spree. Raytheon and Lockheed Martin will be producing replacements for the thousands of Javelin anti-tank rockets sent to Ukraine by the US and its allies. Raytheon is also the producer of the Stinger anti-aircraft missile, another popular item on the Ukraine aid lists. Lockheed Martin makes the HIMARS multiple rocket launchers, which Washington approved for sending to Ukraine in its latest package.
The military procurements may come with downsides, however. Weapons sent to Ukraine “may end up disappearing into the black market,” the SIPRI’s Wezeman warned. As for the European rearmament program, questions could arise about whether it is money well spent, especially given that these funds will have to be taken from other things. The combined military spending of NATO members in Europe has exceeded Russia’s outlays since the end of the Cold War, he pointed out.
“Is Russia really the threat that we make it out, that you need to spend an enormous amount of money in addition to what you already spend?” Wezeman wondered.
“It seems to be a little bit of a shock reaction. You get attacked, you kick, and the kick in this case is you just throw in lots of military spending, and big plans for new tanks and new that, but is that really necessary?” he explained.
Then there is also the Russian reaction to the increase of the NATO military strength in Europe. Facing an overwhelming conventional force, Moscow may counter it by fielding more tactical nuclear weapons, the report suggested. NATO took a similar approach during the Cold War, when it was concerned by the number of tanks possessed by the Warsaw Pact nations, Wezeman noted.
--- Military–industrial–media complex , Corporate Military Complex , Military–industrial complex ---
...

Read more from Source »

Related articles based on keyword density
The West’s sights are now clearly set on Iran ...
rt.com 19/03/2017 Politics
The British-US plan to weaken Iran via the proxy war on Syria has spectacularly backfired. Now they are more desperate than ever to bring Iran to its...View Details»

The US and NATO have never been sanctioned for starting wars. Why? ...
rt.com 02/03/2022 Politics
The reaction to Russia’s attack on Ukraine, no matter what you think about it, has exposed the West’s double standards Robert Bridge is an American wr...View Details»

IRAN NUCLEAR TALKS STUMBLE, EXTENDED UNTIL JULY ...
hosted.ap.org 24/11/2014 News
BY MATTHEW LEE AND GEORGE JAHN ASSOCIATED PRESS VIENNA (AP) -- Still facing significant differences between the U.S. and Iran, negotiators gave up on...View Details»

Assange: Google Is Not What It Seems ...
newsweek.com 27/10/2014 Politics
By Julian Assange Filed: 10/23/14 "When Google Met Wikileaks" by Julian Assange published by OR Books. Reuters; OR Books In June 2011, Julian Assange...View Details»

35 Countries Where the U.S. Has Supported Fascists, Drug Lords and Ter...
plus.google.com 10/03/2014 History
By Nicolas J.S. Davies Alternative News Here's a handy A to Z guide to U.S.-backed international crime. 35 Countries Where the U.S. Has Supported Fas...View Details»


EOF