War profiteers news

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HSBC divests from Elbit Systems!

HSBC - Europe's largest bank - has announced that it has divested from Elbit Systems, an Israeli arms company which builds a wide range of weaponry used by the Israeli military and many other armies around the world.

The Egypt Defence Expo - an international arms fair – took place in at the International Exhibition Centre in New Cairo. EDEX is a biennial arms fair, with 350 companies from over 40 countries, exhibiting to 10,000 visitors.

In 2009, Sig Sauer, a firearms company based in New Hampshire, USA, secured a $306 million deal with the Colombian National Police to provide nearly 100,00 hand guns.

Safariland is an American company, founded in California in 1964, specialising in a wide range of products and services for police and security forces. Safariland is made up of a number of different companies and brands, and has estimated revenues of $500 million.

BAE Systems has sold it's majority stake in Land UK, it's military vehicle division, to Rheinmetall, as the two huge arms companies join forces to create a new military land vehicle company.