iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Boeing, Lockheed Martin Attend Vietnamese Arms Symposium

Relax Vets, it’s just business.

Next week President Obama will visit Vietnam. Shortly thereafter, he will likely lift the arms embargo on Vietnam, because that’s what Barry does.

Then, Boeing, Lockheed and maybe Raytheon will ink arms contract with our former mortal enemy, amounting to billions of dollars.

This reminds me of Iron Man the movie, when Stark’s partner was inking fucked up arms deals in secrecy, only in real life.

Vietnam has been in talks with Western and U.S. arms manufacturers for several years now to boost its fleets of fighter jets, helicopters and maritime patrol aircraft, although Russia, its traditional supplier, maintains a dominant position.

Industry sources say Hanoi is keen on U.S. weapons yet wary of the threat of a future embargo even if the current one ends. The countries do have a common concern in China, however, whose assertiveness in the South China Sea has alarmed Washington.
Obama is due to start his Vietnam visit on May 22, the first by a U.S. president in a decade, underlining the rapidly warming relationship between the countries at a time of testy ties and growing mistrust between Hanoi and Beijing, which have competing claims to the Paracel and Spratly islands.

MODERNIZATION NEEDS

A spokesman for Lockheed Martin confirmed the company was attending the Hanoi event.

Boeing is also attending, although the firm made it clear it was not in contravention of the embargo.

“I would like to point out that any defense-related sales to Vietnam will follow development of U.S. government policy on Vietnam,” a spokesman said.

“We believe Boeing has capabilities in mobility and intelligence surveillance and reconnaissance platforms that may meet Vietnam’s modernization needs.”

They need modernization.

The fucked up communist nation of Vietnam, where untold human rights atrocities have taken place over the decades since the Vietnam War, has increased military spending to the tune of 700% in recent years, coinciding with their emergence onto the world stage as preferred slave factory locale for scores of western tech and textile corporations.

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11 comments

  1. frog

    Well, you put the political campaign donors from the military industrial complex, together with the western tech and textile corporation campaign donors who are seeking slave labor– and you’ve got plenty of reasons to do this. With our campaign finance system, we have the best government money can buy.

    We can all continue complaining about the system we are allowing to stay in place. Or we can overturn Citizens United and take other steps to reform our system. If you set up a basketball court and invite people to play, there’s no point in complaining that they’re not playing baseball. No point in complaining that the skilled basketball players are winning in an evil and corrupt way, when the baseball players should win instead.

    Just get rid of the basketball court, and set up a baseball diamond instead. If you build it, they will come.

    Feel the Bern.

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  2. fxtradex6

    I see many meme’s and outraged FB posts in the future. Many of which I will just roll my eyes at and continue scrolling on.

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  3. s.k.

    The Vietnamese hate the Chinese.

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    • trumpmeister

      Exactly this hatred runs deep back to centuries. Arming Vietnam is our way of pointing guns at China.

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  4. wisprjet

    This news just made my insides roil. I have many friends who are Vietnam Veterans. F@ck Obama.

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    • The Maven

      Half my family is Vietnam vets. Not one of them would have a problem with it as not one of them liked being there in the first place.

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    • ottnott

      We can have full and friendly relations with a country that launched a surprise attack against us on our soil, but we can’t sell weapons to a country that we turned into a battleground to carry out our containment policy toward the Soviet Union?

      They have a hell of a lot more to forgive than we do.

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  5. The Maven

    Well we have to sell something. All we have left are automobiles and armaments. Bombs Away!

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  6. frog

    Gosh, I wonder why we don’t have world peace? I wonder why we have terrorism in the world? Could it have anything to do with the fact that we’re selling arms to everyone and their brother and sister? Nahhh, couldn’t be that.

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  7. pyromonoxide

    We do need to counter Chinese “bullying” in the SE Asia/ south China sea. If there is anything we as Americans are good at – it is turning former enemies into best friends. We aren’t Russia. Makes me think a long term entry in govvy contractor companies isn’t a bad idea this year.

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  8. btn

    It’s amazing how well correlated “US Foreign Aid” and “US Foreign MIlitary Sales” are.

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