Top Defense Contractors in 2021
The defense industry is an extremely lucrative sector that is thriving as countries ramp up their military spending amid the changing geopolitical situation. The United States tops the list of the world’s biggest military spenders with a military budget of $940 billion. China, India and Russia are some of the other notable companies that spend a fortune every year on defense.
Major countries hire defense contractors for military equipment, services and maintenance of their defense systems. The U.S. Department of Defense has contracts worth billions of dollars with organizations from around the world. The prime contractors of the U.S. Department of Defense include The Boeing Company (NYSE: BA), Northrop Grumman Corporation (NYSE: NOC), and Huntington Ingalls Industries, Inc. (NYSE: HII).
Potential ban on firearm ownership for self defence idiocy claims gun group
24 May 2021 8:49 AM self-defence
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Gun Owners Of South Africa says the proposals are cynical and in a country as crime-ridden as SA, the peak of idiocy .
Proposed amendments to South Africa s firearms laws are in the crosshairs of gun ownership advocacy groups who say the proposals are the peak of idiocy .
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Among them, plans to ban South Africans from getting gun licences for the purpose of self-defence.
Paul Oxley is the chairperson of Gun Owners Of South Africa (Gosa), he tells CapeTalk s Africa Melane the move is the cherry on top of a cynical and uncaring government.
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