More troops mean more business for some

gates

When President Barack Obama announced plans to send 30,000 more US troops to Afghanistan some business were likely quietly rejoicing. Although the toll of war is horrible on people’s lives and psyches, it can be good for business.

Several US companies (contractors, equipment makers, etc.) will benefit from the new surge of troops. Wisconsin-based Oshkosh Corp. is among them. The company (which recenty got a personal visit and thank you from Secretary of Defense Robert Gates)  is building a new, more agile all-terrain armored vehicle for fighting in rugged Afghanistan. The government has ordered more than 6,000 MRAP All Terrain Vehicles (or M-ATVs) and will likely put another 4,000 on its wish list. I’m sure the 1,3000 people who help make those vehicles will happily oblige.

Others on the positive side of the troop surge: companies such as L-3 Avionics, Raytheon, that make radios and communications equipment for the military. Defense Web also suggests that companies like DynCorp, Fluor, and even KBR (which provide support services such as training, construction and engineering, transportation, and more) stand to benefit.

The Obama administration and other Washington leaders are  meeting this week for a “jobs summit” in order to brainstorm on ways the government can spark job growth. But maybe, it already did.

~
Photo of US Secretary of Defense Robert Gates visiting Oshkosh Corporation to thank employees for their work on  the new M-ATV armored vehicles. Image from Oshkosh Corp.
Laura Huchzermeyer

Laura Huchzermeyer began writing about banking and construction at Hoover's the same year both industries went belly up. Just to keep things interesting, she has had to come up with colorful descriptions like "credit collapse," "devastating downturn," and "sagging sales" to describe economic blight.

Read more articles by Laura Huchzermeyer.

You can leave a response, or trackback from your own site. Follow the comments via RSS.

Comments

  1. James Atkinson says:

    Laura — Your comment “Although the toll of war is horrible on people’s lives and psyches, it can be good for business” comes off glib. Everybody knows war is profitable; why do you think we have so much of it? These dollars could be spend domestically to stimulate the economy, sparing peoples lives and repairing our own infrastructure. KBR is definitely NOT a military contractor you want to mention in a business newsletter. Just a suggestion.

  2. Linda Abrams says:

    War may benefit “some” business, but it results much damage. I agree to you Laura. War is “horrible on people’s lives and psyches…”. Only few are benefited but millions of lives are changed. But we can do nothing.

    Thanks,
    Linda Abrams
    internet stock trading

Leave a Comment