27 May 2019

In These Times: Here’s Exactly Who’s Profiting from the War on Yemen

Under President Barack Obama’s administration and, now, President Donald Trump’s, the United States has put its military might behind the Saudi-led coalition, waging a war without congressional authorization. That war has devastated Yemen’s infrastructure, destroyed or damaged more than half of Yemen’s health facilities, killed more than 8,350 civilians, injured another 9,500 civilians, displaced 3.3 million people, and created a humanitarian disaster that threatens the lives of millions as cholera and famine spread through the country. [...]

The war in Yemen has been particularly lucrative for General Dynamics, Boeing and Raytheon, which have received hundreds of millions of dollars in Saudi weapons deals. All three corporations have highlighted business with Saudi Arabia in their reports to shareholders. Since the war began in March 2015, General Dynamics’ stock price has risen from about $135 to $169 per share, Raytheon’s from about $108 to more than $180, and Boeing’s from about $150 to $360. [...]

According to the Foreign Assistance Act of 1961, the United States may not authorize arms exports to governments that consistently engage in “gross violations of internationally recognized human rights.” The Arms Export Control Act of 1976 stipulates that exported weapons may only be used for a country’s defense.[...]

Over the past decade, Saudi Arabia has ordered U.S.-made offensive weapons, surveillance equipment, transportation, parts and training valued at $109.3 billion, according to an In These Times analysis of Pentagon announcements, contracts announced on defense industry websites and arms transfers documented by the Stockholm International Peace Research Institute. That arsenal is now being deployed against Yemen.

No comments:

Post a Comment