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January 22, 2023 by Nukewatch Leave a Comment

Nuclear Bomb Profiteers Create Their Market

By John LaForge

According to a recent news release from “ResearchandMarkets.com,” worldwide sales of nuclear bombs and missiles is a growth market expanding by leaps and bounds. The report, “Nuclear Bombs and Missiles Market,” claims the field was worth $72.64 billion in 2020, and will reach $126.34 billion by 2030, “growing at a compound annual growth rate of 5.4%.” While the United States “dominated the global nuclear bombs and missiles market share in 2020,” this year the Asia-Pacific dominates, followed by Europe, North America and Latin America, Middle East and Africa. The report reads like the profiteers’ version of recent research by Don’t Bank on the Bomb, a project of PAX in The Netherlands that tracks nuclear weapons funding.
Sounding upbeat, the report says donations to “think tanks” from the weapons industry result in white papers about the urgent need for new weapons. It describes the corruption without irony: “Think tanks are research and analytical bodies that demonstrate future needs and reasons to have nuclear arsenals. … Twelve think tanks across the globe have disclosed funding of [$]5.5 million to [$]10.2 million in 2020 from corporate giants who are manufacturing nuclear weapons.” The cynicism extends to the current war in Ukraine, as the report shamelessly says: “Factors such as the rise in geopolitical conflicts … are expected to support the nuclear bombs and missiles market growth.” “Key market players” named in the document are familiar: Lockheed Martin, Northrop Grumman, Raytheon, Boeing, Airbus, and BAE. — PR Newswire, News from Research and Markets, Sept. 20, 2022

Lockheed Martin stock plunged by 5.5 percent, and its capitalization decreased by more than $7 billion, after a fake Twitter account posted this faux announcement.

Economic Times, Sept. 12, 2022

Filed Under: Military Spending, Newsletter Archives, Nuclear Weapons, Quarterly Newsletter, War

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