August 20, 2013 (TSR) – 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?
See the table at the bottom of the page for full details of the contracts.
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
Amount: $28.1 million
Deloitte, the world’s second largest professional services firm, won a $28.1 million Navy contract to provide planning and support for Egyptian aircraft programs.
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.
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.
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.
Read more here.
NOTE from the Chief Visionary Founder & Owner:
Understand this, then you can understand the fuss from US Congress. Why? The US politicians OWE these companies their current positions of power from their respective campaign funding and donors. ust follow the money. Start by listening to the loudest mouth, then you can trace it from there. – Lady MJ Santos, Chief Visionary Founder & Owner + Political Strategist