Most Active Stories
Mon August 19, 2013
The U.S. Defense Contractors That Benefit From Aid To Egypt
Originally published on Mon August 19, 2013 2:48 pm
For decades, Egypt has been one of the largest recipients of U.S. foreign military aid, receiving everything from F-16s to tear gas grenades.
So who are the companies reaping the benefits?
1. Lockheed Martin — $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 U.S. 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 -- $65.7 million
The U.S. Army contracted this U.S.-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 — $31.3 million
L-3 Communications provided the Egyptian government with a $24.7 million sonar system and military imaging equipment.
4. Deloitte Consulting — $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.
5. Boeing — $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 unit also received a contract to provide logistics support to Egypt.
6. Raytheon — $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 — $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 — $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. — $10.8 million
The U.S. 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 — $10.6 million
Columbia Group provides $10.6 million worth of unmanned vehicle systems, along with technical training, to the Egyptian navy.