Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
President Xi Jinping: We must deepen the alignment of the high-quality Belt and Road Initiative
President Xi Jinping: Member states should expand cooperation and exploit the national potential of each country and jointly promote prosperity
China: President Xi Jinping: The Shanghai Cooperation Organization is now the largest regional organization in the world
China: President Xi Jinping: We have always stood by international justice and fairness and rejected hegemony
China: Chinese President opens SCO summit meeting from International Convention Center in Tianjin.
Al-Houthi: We find ourselves in the most sacred battle and the greatest position. We do not consider the sacrifices to be wasted losses; rather, we have given everything for the sake of this stance.
Al-Houthi: The Zionist scheme is undoubtedly a plot to enslave and exploit this nation. This is a fact, not an exaggeration.
Al-Houthi: Great sacrifice in the path of God only increases our steadfastness, determination, certainty, resilience, and cohesion.
Al-Houthi: The Zionist crime confirms the importance of Yemen's conscious and insightful position based on constants, values, and human ethics.
Al-Houthi: The Israeli enemy is a criminal who proves its brutality and monstrosity through all its criminal practices, void of any controls.

US Raytheon making billions in blood money from Ukraine arms sales

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Oct 2024 18:50
  • 2 Shares
4 Min Read

Raytheon, the world's largest producer of guided missiles, has experienced a significant profit surge from military supplies to Ukraine since the war began in February 2022.

Listen
  • x
  • US firm Raytheon profiting billions from Ukraine weapons sales
    An American flag flies in front of the facade of Raytheon's Integrated Defense Systems facility on June 10, 2019, in Woburn, Massachusets. (AP)

US defense contractor Raytheon, the world's largest producer of guided missiles, has seen significant profits from military supplies to Ukraine since the war began in February 2022, reversing its previous sales struggles. 

Raytheon Missiles & Defense (RMD), a subsidiary of RTX Corporation focused on missile production, has delivered National Advanced Surface-to-Air Missile Systems (NASAMS) directly to Ukraine.

Since the fourth quarter of 2022, Raytheon has reported five consecutive quarters of revenue growth after facing declines prior. The company’s backlog of signed but unfulfilled defense contracts has increased from $63 billion at the end of 2021 to $77 billion by the end of the second quarter of this year, demonstrating its ability to capitalize on the heightened demand driven by ongoing US military support for Ukraine.

Raytheon has had five consecutive quarters of revenue increase since the fourth quarter of 2022, after dealing with sales declines for four quarters prior, according to the company's most recent financial report.

RMD experienced a downturn in new orders starting in the fourth quarter of 2021, with an 8% year-on-year reduction. By the second quarter of 2022, RMD faced its third consecutive revenue decline, down 11% compared to the previous year. However, this quarter marked a shift as new orders began to reflect increased demand due to the escalating conflict in Ukraine, with $3.56 billion in new sales, including $662 million from Stinger missile replenishments for the US Army.

By the fourth quarter of 2022, RMD reported a 6% year-on-year sales growth, driven by the demand for missiles linked to Ukraine. A significant $698 million contract for the National Advanced Surface-to-Air Missile System (NASAMS) accounted for 17% of its $4.1 billion in new sales for that quarter. As the US continued to supply missiles to Ukraine, RMD saw a steady stream of new orders in the following months.

Related News

6,000 tons of Venezuelan aid arrives in Cuba amid US embargo

US revives Gaza ethnic cleansing plans for 'gleaming tourism resorts'

In June 2023, RMD secured its largest AMRAAM deal to date, valued at $1.15 billion, to supply AIM-120 D-3 and C-8 missiles to 18 nations, including Ukraine. This contract contributed 28.8% to RMD's $4 billion in new sales during the second quarter of 2023.

Despite RTX's announcement to merge RMD with Raytheon Intelligence & Space, the revenue increase was driven by the demand for missile production due to the ongoing crisis in Ukraine. In the fourth quarter of 2023, approximately 40% of the newly combined company's $6.9 billion in revenues stemmed from $2.8 billion in Guidance Enhanced Missiles (GEM-T), crucial for the Patriot air defense system.

Germany this year was forced to place orders at Raytheon after the transfer of its own Patriot systems to Ukraine. Germany originally placed a $1.2 billion purchase for a new Patriot system in March; during the first quarter of this year, Raytheon's revenues of $6.7 billion came from this transaction.

The US Army gave the Javelin Joint Venture, formed by Raytheon and Lockheed Martin, a $1.3 billion manufacturing contract in August, in addition to further orders for the Patriot system.

The Javelin Joint Venture was entrusted with increasing production to refill the supply for the US Army after the US deployed hundreds of Javelin anti-tank missiles to Ukraine. By late 2026, the venture hoped to produce 3,960 missiles annually.

As of August 8, the Pentagon estimated that US military aid to Ukraine had boosted the country's industrial base by $36.8 billion, with Arkansas and Pennsylvania receiving the most at $2.98 billion and $2.07 billion, respectively. Other states benefiting from over $1 billion included West Virginia, Alabama, Arizona, California, Florida, and Texas.

A report from Vertical Research Partners predicted that by the end of 2026, the top five US defense contractors will generate $26 billion in cash flow. Companies like Raytheon are expected to profit not only from the Ukraine war but also from consistent US support for "Israel".

  • United States
  • Russia
  • Ukraine aid
  • war in Ukraine
  • Ukraine
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Fierce resistance ambushes target IOF in Gaza Strip

Fierce resistance ambushes target IOF in al-Zaytoun, Gaza City

  • Politics
  • 30 Aug 2025
Tom Barrack's imperial tantrum in Beirut: When entitlement speaks (Photo by Mahdi Rtail)

Tom Barrack's imperial tantrum in Beirut: When entitlement speaks

  • Politics
  • 26 Aug 2025
Although it does seem likely they will launch some kind of operation in northern Gaza, one which will accelerate its mass murder of civilians, but will fail to achieve its stated objectives. (Al Mayadeen English; Illustrated by Batoul Chamas)

Here is why the Israeli occupation of Gaza won’t work

  • Opinion
  • 26 Aug 2025
A scene showing an al-Qassam Brigades fighter during an ambush on July 7, 2025, in a video released by the al-Qassam Brigades on August 26, 2025 (al-Qassam Brigades Military Media)

Al-Qassam reveals Beit Hanoun ambush targeting Israeli forces

  • Politics
  • 26 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
'Gideon’s Chariots' Op. deemed a failure by Israeli military report
Palestine

'Gideon’s Chariots' Op. deemed a failure by Israeli military report

Smokes rise to the sky following an Israeli airstrike in the northern Gaza Strip as seen from southern occupied Palestine, Monday, Aug. 25, 2025. (AP)
Politics

US revives Gaza ethnic cleansing plans for 'gleaming tourism resorts'

Ansar Allah leader Sayyed Abdul Malik al-Houthi gives a speech on August 31, 2025 (Screengrab)
Politics

Israeli crimes prove brutality, Yemen undeterred: Sayyed Al-Houthi

Major General Abdolrahim Mousavi, Chairman of the Chiefs of Staff of the Iranian Armed Forces. (IRNA)
Politics

Iran's top general says air defenses must adapt to new threats

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS