Top 10 American corporations profiting from Egypt’s military: report

According to Global Post, the US government gives Egypt $1.3 billion a year. Egypt then uses that money to buy weapons from US corporations.

Global Post says - the irony is thick: Obama calls on Egypt’s interim government to stop its bloody crackdown on protesters, but continues to give it $1.3 billion a year in military aid. For decades, Egypt has been one of the largest recipients of US foreign military aid, receiving everything from F-16s to teargas grenades.

So who are the companies reaping the benefits? The list below were the 10 biggest US Defense contracts involving direct military aid to Egypt from 2009 to 2011, according to The Institute for Southern Studies.

1. Lockheed Martin

Amount: $259 million In 2010, Lockheed Martin provided Egypt with 20 F-16s as well as night vision sensor systems for Apache helicopters. Lockheed Martin is the biggest beneficiary of US government defense contracts — receiving a record $36 billion in 2008. Globally, Lockheed Martin is one of the largest defense contractors. Seventy-four percent of its revenues come from military sales.

2. DRS Technologies

Amount: $65.7 million The US Army contracted this US-operated, Italian-owned military services company to provide vehicles, surveillance hardware and other resources to Egypt in December 2010.

3. L-3 Communication Ocean Systems

Amount: $31.3 million L3 Communications provided the Egyptian government with a $24.7 million sonar system and military imaging equipment.

4. Deloitte Consulting

Several years ago Deloitte performed a small amount of financial management work for the U.S. Navy in connection with provide planning and support for Egyptian aircraft programs. The work was completed in 2010. Whilst it was contracted  for $28.1 million, Deloitte says they did not receive the full amount of money.  Deloitte did not specify how much was received.

5. Boeing

Amount: $22.8 million While most people know Boeing for it’s commercial flights, it is also the second largest defense contractor in the world. Boeing won a $22.5 million Army contract in 2010 to provide Egypt with 10 Apache helicopters. The Aerospace also received a contract to provide logistics support to Egypt.

6. Raytheon

Amount: $31.6 million The world’s largest guided missiles provider gave Egypt and Turkey 178 STINGER missiles, missile launch systems and 264 months of technical support for the Hawk missile system.

7. AgustaWestland

Amount: $17.3 million AgustaWestland — also owned by the same Italian company that operates DRS Technologies — secured a contract to provide helicopter maintenance for the Egyptian government.

8. US Motor Works

Amount: $14.5 million US Motor Works landed a $14.5 million contract in 2009 to provide engines and spare parts for the Egyptian Armament Authority.

9. Goodrich Corp.

Amount: $10.8 million The US Air Force and Goodrich brokered a $10.8 million contract to obtain and distribute reconnaissance systems for the F-16 jets the Egyptian Air Force uses.

10. Columbia Group

Amount: $10.6 million Columbia Group provides $10.6 million-worth of unmanned vehicle systems, along with technical training, to the Egyptian Navy.

http://www.globalpost.com/dispatch/news/regions/americas/united-states/130816/top-10-american-corporations-egypt-military-us-aid