Labels

SUPPORT JULIAN ASSANGE

Monday, December 7, 2015

Defense Contractors Cite “Benefits” of Escalating Conflicts in the Middle East



Photo: Laura Buckman/AFP/Getty Images



Dec. 4 2015, 9:15 p.m.

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.

Listen to Tanner’s remarks to the Third Annual Industrials Conference below:

Wilson Jones, the president of the defense manufacturer Oshkosh, told the conference that “with the ISIS threat growing,” there are more countries interested in buying Oshkosh-made M-ATV armored vehicles. Speaking about a recent business trip to the Middle East, Jones said countries there “want to mechanize their infantry corps.”

Raytheon Chief Executive Tom Kennedy made similar remarks, telling the conference that he is seeing “a significant uptick” for “defense solutions across the board in multiple countries in the Middle East.” Noting that he had met with King Salman of Saudi Arabia, Kennedy said, “It’s all the turmoil they have going on, whether the turmoil’s occurring in Yemen, whether it’s with the Houthis, whether it’s occurring in Syria or Iraq, with ISIS.”

The last bit of good news for the contractors is the latest budget deal in Congress. After years of cuts following the budget sequester, the deal authorizes $607 billion in defense spending, just $5 billion down from the Pentagon’s request, which DefenseNews called a “treat” for the industry.

“Our programs are well supported [in the budget],” said Lockheed’s Tanner at the conference. “We think we did fare very well.”


Top photo: A Lockheed Martin F-35A Lightning II
Post a Comment

assange



At midday on Friday 5 February, 2016 Julian Assange, John Jones QC, Melinda Taylor, Jennifer Robinson and Baltasar Garzon will be speaking at a press conference at the Frontline Club on the decision made by the UN Working Group on Arbitrary Detention on the Assange case.

xmas





the way we live

MAN


THE ENTIRE 14:02' INTERVIEW IS AVAILABLE AT

RC



info@exopoliticsportugal.com

BJ 2 FEV


http://benjaminfulfordtranslations.blogspot.pt/


UPDATES ON THURSDAY MORNINGS

AT 08:00h UTC


By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

bj


Report 26:01:2015

BRAZILIAN

CHINESE

CROATIAN

CZECK

ENGLISH

FRENCH

GREEK

GERMAN

ITALIAN

JAPANESE

PORTUGUESE

SPANISH

UPDATES ON THURSDAY MORNINGS

AT 08:00 H GMT


BENJAMIN FULFORD -- jan 19





UPDATES ON THURSDAY MORNINGS

AT 08:00 H GMT

PressTV News Videos