Name: How Defense Contractors Make Billions Off Missile Sales
Uploaded: 2021-05-15T16:57:47.000Z
Duration: 10 min 47 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

Spacex, United Launch Alliance, Virgin Orbital, these are the companies you

think of when you think of commercial rockets, but another venture

involving rocket motors rakes in heaps of cash every year.

Missiles are guided rockets used in war, both defensively and offensively.

There are large missiles, small missiles, missiles designed to destroy

tanks, missiles designed to take out planes in just about everything

in-between, including missiles designed to shoot down other missiles.

And they are the number two defense expert in the U.S.

The major players in the United States are by far Lockheed Martin,

Those would be the top missile sellers in the United States.

Like with aircraft, missile sales are based on international alliances and

treaties. And these sales can become hot button issues like a recent sale

proposal of Boeing harpoon missiles to Taiwan or a failed bid to sell the

Patriot missile system produced by Raytheon to Turkey.

As technology advances, the line between drones and missiles is blurring,

and this has the potential to disrupt the entire industry.

I'd like to say that in some some respects we've we've entered a kind of

new missile age with a really significant global supply and demand

signal. What will the new missile age hold for companies that sell these

Raytheon, the producer of the iconic Patriot missile system, is one of the

top manufacturers of guided missiles in the world during a recent missile

tests by the U.S. Navy, a Raytheon standard missile, three or sm three

intercepted an intercontinental ballistic missile or ICBM shooting down an

incoming ballistic missiles, a very difficult problem.

They move very, very fast and they tend to be surrounded by debris.

So you have to hit them quickly, target them quickly and differentiate

between the actual missile and the surrounding debris.

We tested a ship based interceptor against an ICBM, considerably expanding

our capability to defend against those kinds of threats.

That makes the sm three a potential deterrent against an ICBM launched by

I think the most important takeaway of the sm three to a ICBM intercept is

that it increases the reliability and our confidence in it against some

Raytheon introduced cost saving measures due to the drop in commercial air

But its missile and defense division has continued to drive sales and has

had an operating profit of 453 million in the third quarter of twenty

Twenty. American aerospace giant Boeing sells missile systems like the

harpoon. It's also involved in fielding missiles designed to kill ICBMs

like the ground based midcourse defense system.

Boeing is now competing for the bid to produce the potential next

Boeing has pivoted towards defense sales to make up for commercial losses

and has made six point eight billion dollars in that sector in the third

are designed and built by multiple companies.

The next generation of interceptor bid from Boeing, for example, also

involves General Atomics and Aerojet Rocketdyne, the winner of the next

generation interceptor bid could secure four point nine billion over five

years from the Pentagon's Missile Defense Agency to build the interceptor

of the future. Lockheed Martin and Northrop Grumman are also bidding on

Northrop Grumman is involved in making rocket motors for many other

missiles, including the Air to Air Sidewinder.

Northrop Grumman saw its sales increase in the third quarter of 2020 by

seven percent from 2019, rising to nine point one billion dollars.

General Dynamics is involved in creating warheads in other parts in

various missile programs, and Lockheed Martin is also involved in

upgrading the missile fired by the Patriot system designed by Raytheon,

which is just one more example of how these companies tend to work

Thanks to the advanced technology used to make these missile systems, all

of these companies remain dependent on relationships between the U.S.

government and other countries to make international sales.

After all, the U.S. needs to trust customers before allowing defense

contractors to sell them cutting edge weaponry.

When Turkey fielded fresh bids to buy a new missile system in November of

2013, the Patriot was an assumed frontrunner.

But things quickly went off the rails when Turkish demands became too much

Turkey's decision to buy the Russians four hundred is probably one of the

messiest arms deals that's ever gone down in history.

Turkey wanted to buy the United States Raytheon's patriot system.

The United States passed a couple of years in a row and Russia scooped up

to pick up Turkey and sell them to us for the failure of Raytheon's

reported three point five dollars billion bid also affected relations

The manufacturing for some components of the F-35, the cutting edge

American stealth fighter jet from Lockheed are being moved out of the

Russian and Chinese companies also sell advanced missiles in all

categories and are always looking to enlarge their market share and

compete with American offerings in countries that are on the fence about

The U.S. has pushed back on Russian missile sales with the threat of

sanctions, but the political ramifications of missile sales can cut both

ways. China will regard any future arms sales to Taiwan as highly

provocative. And if there's anything we know about the incoming

administration's policy towards China, it will remain fundamentally on a

competitive footing. But the administration won't be looking to simply

poke China in the eye in the way that the Trump administration has.

So it is very possible that we could see a calibration for some of these

They could be modified, they could be shrunk.

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How Defense Contractors Make Billions Off Missile Sales

potential

significant

fragile

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