And during the Afghanistan, abandoned very quickly the missions and troops sent after 9/11, and Iraq many were taking in Billions from no bid contracts that were off the books, till the Executive administrations changed, while their execs and investors enjoyed two huge tax cuts. Why we even built a huge expensive private army that is outside of the laws, military and most civilian, and still working under contract for us tax payers! Neither has yet to be paid for nor especially the decades to come from the results of both!
Global military spending was down in 2012 for the first time since 1998. And for the second year in a row, arms sales from private industry to governments were down as well last year.
Despite the decline in military spending, the business of war remains a good one. The 100 largest arms producers and military services contractors recorded $395 billion in arms sales in 2012. Lockheed Martin, the largest arms seller, alone accounted for $36 billion in such sales during 2012. Based on figures compiled by the Stockholm International Peace Research Institute (SIPRI), 24/7 Wall St. examined the 10 companies profiting most from war.
The withdrawal of U.S. troops from Iraq and Afghanistan is among the biggest reasons for the drop in military spending, according to SIPRI. Spending on these campaigns fell from $159 billion to $115 billion between 2011 and 2012. read more>>>