November 4, 20
Arms makers winning war on terrorism
ARMS manufacturers are making record profits from the war on terrorism and unprecedented spending on weapons programs.
The massive earnings have drawn condemnation from Australian defence experts, who say expensive weapons such as jet fighters, warships and satellites are not the way to combat terrorism.
The world’s biggest arms maker, Lockheed Martin in the US, maker of fighter jets including the F-35 Joint Strike Fighter, which Australia is buying, announced last week it had increased third-quarter profits by 22 per cent to $US11.1 billion ($12.1 billion).
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