BAE System Bofors

War Profiteer of the Month: Finmeccanica

Finmeccanica is determined to become one of the world’s leading aerospace and weapons producers. The company, publicly traded but controlled by the Italian government, has spent the past decade forming a complicated web of alliances with Europe’s other players in this field, and now it has its sights set on the huge U.S. military market. It already got a foothold when one of its helicopters was chosen to become the new Marine One used by the U.S. President.

Disarm08- action camp against Swedish arms industry

From the 12th to19th of June the peace action camp Disarm08 took place in Kalskoga, the heart of the Swedish weapons indsutry. Karlskoga is the home of the two big companies BAE Systems Bofors and Saab Bofors Dynamics (together known as "Bofors").

Court rules Government's termination of BAE investigation unlawful

The High Court the 10th of April ruled that the Director of the Serious Fraud Office (SFO) acted unlawfully when he stopped a corruption investigation into BAE Systems' arms deals with Saudi Arabia.

The judgment was handed down by Lord Justice Moses and Mr Justice Sullivan in response to a judicial review brought by Campaign Against Arms Trade (CAAT) and The Corner House.

In the light of this judgment, the Serious Fraud Office must reopen the BAE-Saudi corruption investigation immediately.

FIDAE: Chilean aerospace and defence fair

From the 31 of March to the 4 of April in Santiago, Chile , there was an arms fair: FIDAE, is a fair that focuses on the aerospace defence

area. FIDAE also welcomes civilian exhibitors but essentially the fair has a military focus. This fair is one of the biggest and most important of its kind in Latin America and is a mayor event for the arms traders to make business in the region. This year's fair hosted

the 11th edition of the meeting of Logistic Commanders of the Air Forces of South America.

War Profiteer of the Month: AXA

AXA Financial Protection is a French financial group, that offers to their customers - individuals as well as small, mid-size and large businesses – a wide range of product and services that include insurance, protection, savings, retirement and financial planning.

They provide a variety of services:

AXA Assistance:

An international network of assistance and services for Corporate and individual clients.

AXA Assistance is present in more than 30 countries, on

Upcoming events: Annual General Meetings // Shut down DSEi // WRI's Gender and Militarism Seminar and Council 2007 in Israel

Annual General Meetings:

4 May:

Serco - Join the actions at the Queen Elizabeth II Conference Centre, London at 11 AM.

For more information:

http://www.aldermaston.net/

9 May:
BAE Systems - Join the action inside or outside at :
The Queen Elizabeth II Conference Centre, Broad Sanctuary, London SW1P 3EE, UK
For more information:
www.caat.org.uk

14 May:

BAE Systems placed above the law


On the 14th of December the Attorney General announced that the Serious Fraud Office was dropping its investigation into bribery allegations involving BAE Systems in Saudi Arabia. A wide range of individuals and bodies have since voiced serious concerns, including MPs, the OECD, Institutional Investors and 130 non-governmental organisations. Campaign Against Arms Trade and the Corner House in the UK have informed the government of their intention to judicially review the decision.

For more information:

"The Revolving Door, A Revolting Access"

War profiteers depend mainly on government contracts. Imagine what Lockheed Martin would be without their Pentagon contracts! At the same time governments need an excuse for spending such huge sums of money e.g. "war against terror", "national security", "peace forces", etc. Since war profiteers depend on government contracts they need to be in the position to influence them. Through the years they have positioned themselves to have an immense political power within governments, and they enjoy privileged access to decision-makers that the general public can only dream of.

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