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| INDIA: Building a Modern Arsenal in India
by Heather Timmons and Somini Sengupta, The New York Times
August 31st, 2007
India is developing a military appetite to match its growing economic power. With a ballooning arms budget, India will soon become one of the largest military markets in the world, making it an important new target for American arms manufacturers. |
| US: As Iraq Costs Soar, Contractors Earn Record Profits
by Eli Clifton, Inter Press Service News Agency
August 2nd, 2007
In a report to lawmakers earlier this week, the non-partisan Congressional Budget Office found that the war in Iraq could cost U.S. taxpayers over a trillion dollars when the long-term costs of caring for soldiers wounded in action, military and economic aid for the Iraqi government, and ongoing costs associated with the 190,000 troops stationed in Iraq are totaled up. |
| WORLD: US probes Saudi-linked UK arms firm
by David Robertson and Tom Baldwin, The Times (London)
June 28th, 2007
The British and US governments are on a diplomatic collision course after the US Department of Justice launched a formal investigation into allegations of corruption at defence company BAE Systems. The US investigation will scrutinise BAE's dealings with Saudi Arabia to expose an account allegedly held by the Bank of England that is used to facilitate Saudi payments for arms.
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| UK: Rowntree dumps its Reed shares
by Katherine Griffiths, Telegraph
February 13th, 2007
Two investors in Reed Elsevier have sold their shares as a protest that the publishing giant runs arms fairs which have included the sale of torture equipment. |
| US: Lockheed Stock and Two Smoking Barrels
by Richard Cummings, Playboy.com
January 16th, 2007
If you think the Iraq war hasn't worked out very well for anyone, think again. Defense contractors such as Lockheed are thriving. And no wonder: Here's the story how Lockheed's interests- as opposed to those of the American citizenry- set the course of U.S. policy after 9/11. |
| EU: EU firms getting round China arms embargo
by Andrew Rettman, EU Observer
October 3rd, 2006
European firms such as AugustaWestland and Eurocopter are supplying components for Chinese combat helicopters via networks of global subsidiaries and re-exporters despite the EU's 17-year old China arms embargo, NGOs have warned. |
| US: Army May End Lockheed Spy Plane Contract
Associated Press
January 12th, 2006
The Army is expected to cancel a Lockheed Martin Corp. contract to build a new spy plane, according to industry and Pentagon officials, despite efforts by the defense contractor to solve problems that include lightening the plane's weight.
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| Iraq: Army Contract Again Disputed
by T. Christian Miller, Los Angeles Times
May 26th, 2004
The U.S. Army has, for the second time, awarded a contract to supply the Iraqi security forces to a consortium of companies with little arms experience and whose participants include a friend of controversial Iraqi official Ahmad Chalabi.
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