London, UK – LA News Center has uncovered the extensive reach of BAE Systems, the UK’s largest defense contractor, revealing its lucrative arms business that has established trading relationships with countries accused of human rights abuses. Over the past decade, the defense giant conducted trade with an alarming number of 81 countries, accounting for nearly half of all nations globally.
Shady Partnerships
An investigation by the UK-based non-profit Action on Armed Violence (AoAV) has identified these trading ties with 13 countries on the UK’s human rights abuse watchlist. Shockingly, 29 of these countries have witnessed military actions that have harmed or killed civilians. Additionally, nine countries have experienced military coups within the past decade.
As reported by AoAV, BAE Systems has adopted a policy of neither confirming nor denying its dealings, but in a statement, maintained its role in aiding legitimate governments to protect their citizens and uphold ethical standards.
Soaring Profits Amid Global Conflict
BAE Systems has seen its sales surge to £194 billion over the past decade, with cumulative operating profits exceeding £17 billion. In 2023, the company surpassed targets with orders amounting to £37.7 billion, and its share price has climbed roughly 27% over the last year. This boom in trade highlights the lucrative nature of the arms business, especially in an era of global instability.
Inadequate Screening
The report raises concerns that defense companies like BAE Systems are insufficiently screening their trading partners, particularly in light of the widespread corruption allegations and human rights violations associated with many nations. BAE Systems has claimed compliance with all export controls and assesses each trading partner individually.
Government Oversight Questioned
AoAV’s Iain Overton, the report’s co-author and chief executive, emphasizes the urgent need for increased government oversight. They accuse the UK of hypocrisy, calling for stricter export restrictions to align with the country’s self-proclaimed role as an “exporter of democracy.”
Despite the UK government’s assertion of robust defense export controls, Overton criticizes the lack of due diligence and transparency in approving company contracts.
Historical Controversies
BAE Systems has faced past criticism for its alleged involvement in corruption scandals, including the al-Yamamah arms deals with Saudi Arabia and arms sales to South Africa. The company has not yet addressed these historical claims in response to LA News Center’s inquiry.
Data sourced from: cnbc.com
