Global Unrest Good for Arms Business

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Maybe the rest of the economy is in the doldrums, but the LA Times reports that sales of U.S. military gear are on a record pace this year:

India signed a deal Wednesday for the purchase of 10 Boeing C-17 military cargo jets….The largest-ever U.S. foreign arms deal was announced last October, when Saudi Arabia ordered $60 billion in military hardware in a multiyear pact. The Saudis’ laundry list of weaponry included Raytheon Co.’s 2,000-pound bunker-busting bombs, Boeing’s F-15 fighter jets and Sikorsky Aircraft Corp.’s Black Hawk helicopters.

More deals are in the works. Australia wants two dozen Navy Seahawk helicopters valued at $1.6 billion. Saudi Arabia is eager to get $330 million in thermal-imaging and night-vision equipment. And Britain is looking to purchase $137 million in upgrades for its U.S.-made ship-mounted guns. Orders are also in from Morocco, Iraq and the United Arab Emirates.

Who says Obama isn’t doing anything to boost the economy? And keep in mind, these are export dollars, so they’re helping our trade deficit. Good job, military-industrial complex!

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In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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