Top 10 US companies profiting from military aid to Egypt
Iran Press TV
Tue Aug 20, 2013 6:15PM GMT
US officials deny reports that Washington has suspended its military aid to Egypt or is deciding to do so despite a deadly crackdown in the Arab country.
White House spokesman Josh Earnest said reports suggesting that the US has cut off aid to Egypt are not accurate adding that the Obama administration is still reviewing its options.
"That review has not concluded and ... published reports to the contrary that assistance to Egypt has been cut off are not accurate," Earnest told reporters.
On July 3, Egypt’s military ousted the country’s first-ever democratically elected president Mohamed Morsi. Ever since, it has been gripped by deadly violence that has left nearly 900 people dead.
The US has refused to call the military takeover a coup. Egypt is one of the largest recipients of America’s foreign military aid. The US gives it $1.3 billion in military aid and about $250 million in economic aid each year.
Under US law, Washington should not provide military aid “to the government of any country whose duly elected head of government is deposed by military coup d'etat or decree.”
America’s continued flow of military aid to Egypt means business as usual and good profits for many big US companies. The list below, according to The Institute for Southern Studies, specifies the 10 biggest US Defense contracts involving direct military aid to Egypt from 2009 to 2011.
US defense contractors profiting from military aid to Egypt:
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 its 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.
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