The five biggest tech companies you probably did not know are in the arms industry

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Mitsubishi and Rolls-Royce may be more well-known for manufacturing vehicles, but a large part of their turnover also comes from the arms industry.

Many of these dealers aren't actually as well known for dealing arms as they are for other products, like air conditioners and cars.

While companies such as Mitsubishi and Rolls Royce are well-known for producing everything from motorbikes to air conditioners, they're not the only products the companies are manufacturing.

Having earned the company $2.67 million, arms made up 83.9% of Saab's $3.18 million turnover in 2017.2. MitsubishiMitsubishi Heavy Industries. Ltd is a division within the larger Mitsubishi group. The company invoice showed it had totted up $3.57 billion worth of arms sales over 2017, making up 9.7% of its total sales.Placing 17th in the ranking of companies involved in arms sales, Rolls-Royce sold $4.42 billion worth of arms in 2017 — that represents 22.8% of its total turnover.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FWIW, 'Rolls Royce,' the iconic cars, is owned by BMW and has been for several decades.

There are mistakes in the article. Company’s 2 and 3 turnover stated in millions...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Imogen Heap Is Building Tech to Change the Music IndustryThe singer-songwriter discusses her projects to help musicians, including a digital hub for artists and WiFi-connected gloves that control sound with movement imogenheap deploying upstart small company strategies for survival might help, using successful corporate models, aka, look for recent companies that successfully dug themselves out of digital attack and internet drowning schemes to be found and sell products.
Source: WSJ - 🏆 98. / 63 Read more »

Tim Cook says Warren Buffett's investment shows that Apple isn't really a tech company anymoreWarren Buffett, the Oracle of Omaha, has historically invested in technology only sparingly. tim_cook I consumed my first iPhone but Verizon was nice enough to give me another one.
Source: CNBC - 🏆 12. / 72 Read more »

10 Small Business Apps, Services And Tech Platforms Every Entrepreneur Should Know AboutThere are a few apps, services and technologies – about ten categories in all – that are critical for small businesses in 2019. Here they are. Pycelle from GameOfThrones Nose ShabanaGul144 Still remember your Lecture on career development.. .. and a small business should be started.
Source: Forbes - 🏆 394. / 53 Read more »