Arms maker General Dynamics profits up 84%.

[Tierra_y_Libertad]

Military/Industrial Complex? What Military/Industrial Complex?

http://news.yahoo.com/s/ap/20060719/ap_on_bi_ge/earns_general_dynamics_1

FALLS CHURCH, Va. - Military contractor General Dynamics Corp. said Wednesday its second-quarter earnings rose 84 percent, driven by demand for tanks, armored vehicles and business jets, and raised its full-year earnings outlook.
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The manufacturer of Stryker armored vehicles, Abrams tanks, Gulfstream aircraft and weapons guidance systems said net income rose to $636 million, or $1.56 per share, in the April-June period versus $345 million, or 85 cents per share, in the year-ago period. The latest quarter included earnings of $216 million from discontinued operations.

Earnings from continuing operations rose to $420 million, or $1.03 per share, from $338 million, or 83 cents per share, in last year.

[bluerum]

1. Now who would have expected that. nt

[Neecy]

2. Sickening....

In previous wars, profiteering was considered unpatriotic and got a massive amount of press.

Our corpo-whores of the media remain entirely silent about the obscene profits these firms are making while covering every bit of fluff imaginable. I guess if you don't know about blood money it doesn't exist...

[unpossibles]

3. see? The economy is doing great

for some...

[wordpix2]

4. we will only stop these asses when we invest in social responsibility

stoks instead of the likes of companies in the business of murder and chaos.

They should be sued like the cigarette makers

[lpbk2713]

5. Would that not come under the heading of "profiteering"?

Holy shit. They're making more money than Big Oil.