BUSINESS
08/19/2013 02:19 pm ET | Updated Aug 22, 2013

10 U.S Companies Profiting Most From U.S. Military Aid To Egypt (VIDEO)

As Congress debates whether to cut military aid to Egypt in the wake of last week's bloody crackdown, the consequences for America could be even worse than for Egypt. The $1.3 billion in aid America sends to Egypt is primarily used to buy weapons from U.S. defense corporations.

HuffPost Live's Ahmed Shihab-Eldin takes a look at the 10 U.S. corporations who profited most from the Egyptian military from 2009 to 2011, according to the Institute for Southern Studies (h/t GlobalPost). Lockheed Martin, which received $259 million for F-16s and night vision sensor systems, leads the pack. Also on the list: DRS Technologies, L3 Communications, Boeing, Raytheon, AgustaWestland, US Motor Works, Goodrich and Columbia Group.

Update: The video above includes, and an earlier version of this post included, Deloitte among the list of the top 10 companies profiting from Egypt's military, quoting its figure at $28.1 million based on the Institute for Southern Studies data. Deloitte released the following statement in response to that figure:

“Several years ago Deloitte performed a small amount of financial management work for the U.S. Navy in connection with the program referenced in the article. The work was completed in 2010 and was of a much smaller size than the article suggests – nowhere near the threshold for inclusion in this top 10 list. “

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