War profiteer companies

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All over the world, thousands of companies profit from war and violence - by selling weapons and military equipment, offering training and other services to the military, or exploiting resources made accessible through war and conflict.

As part of our War Profiteers News magazine, we write regular profiles on some of these companies, exposing their role in profiting from war and violence.

FN Herstal (“Fabrique National Herstal”) is a Belgian arms company that specialises In producing rifles and handguns. The company was founded in 1889 and is owned - via a holding company called Herstal Group – by the regional government of Wallonia.

A Danish independent media and research centre has published a report accusing the country’s largest arms manufacturer, Terma, of war crimes after continuing to supply arms to the United Arab Emirates, despite a decision by Denmark to stop arming Saudi and the UAE because of their involvement in the war in Yemen.

Pindad PT is an Indonesian state-owned arms company, producing a wide range of weapons for the Indonesian military, police and security forces, and exporting to a number of other countries in the region. In 2016 the company had just over 2000 employees and revenue of around £100m.

CBC Global Ammunition is a holding company which owns a number of subsidaries around the world, specialising in ammunition for portable weapons. The subsidiaries included: Companhia Brasileira de Cartuchos (CBC), Brazil; Czech company Sellier & Bellot; MEN in Germany; and Magtech, based in Minnesota in the USA.

Leonardo is an Italian arms company specialising in a wide range of defence and aerospace equipment. The company is part-owned by the Italian state which owns 30% of shares in the company, and dominates the Italian arms industry. Leonardo is the world’s 9th biggest arms company, with $8.9bn worth of arms sales in 2017, making up 68% of their income.

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