What does defense contractor mean?
Definitions for defense contractor
de·fense con·trac·tor
This dictionary definitions page includes all the possible meanings, example usage and translations of the word defense contractor.
Princeton's WordNet
defense contractornoun
a contractor concerned with the development and manufacture of systems of defense
Wikipedia
defense contractor
The arms industry, also known as the defence industry, the military industry, or the arms trade, is a global industry which manufactures and sells weapons and military technology. Public sector and private sector firms conduct research and development, engineering, production, and servicing of military material, equipment, and facilities. Customers are the armed forces of states, and civilians. An arsenal is a place where arms and ammunition – whether privately or publicly owned – are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include weapons, munitions, weapons platforms, military communications and other electronics, and more. The arms industry also provides other logistical and operational support. The Stockholm International Peace Research Institute (SIPRI) estimated military expenditures as of 2018 at $1822 billion. This represented a relative decline from 1990, when military expenditures made up 4% of world GDP. Part of the money goes to the procurement of military hardware and services from the military industry. The combined arms-sales of the top 100 largest arms-producing companies and military services companies (excluding China) totaled $420 billion in 2018, according to SIPRI. This was 4.6 percent higher than sales in 2017 and marks the fourth consecutive year of growth in Top 100 arms sales. In 2004, over $30 billion were spent in the international arms-trade (a figure that excludes domestic sales of arms). According to the institute, the five largest exporters in 2014–18 were the United States, Russia, France, Germany and China whilst the five biggest importers were Saudi Arabia, India, Egypt, Australia and Algeria.Many industrialized countries have a domestic arms-industry to supply their own military forces. Some countries also have a substantial legal or illegal domestic trade in weapons for use by their own citizens, primarily for self-defense, hunting or sporting purposes. Illegal trade in small arms occurs in many countries and regions affected by political instability. The Small Arms Survey estimates that 875 million small arms circulate worldwide, produced by more than 1,000 companies from nearly 100 countries.Governments award contracts to supply their country's military; such arms contracts can become of substantial political importance. The link between politics and the arms trade can result in the development of what U.S. President Dwight D. Eisenhower described in 1961 as a military–industrial complex, where the armed forces, commerce, and politics become closely linked, similarly to the European multilateral defense procurement. Various corporations, some publicly held, others private, bid for these contracts, which are often worth many billions of dollars. Sometimes, as with the contract for the international Joint Strike Fighter, a competitive tendering process takes place, with the decision made on the merits of the designs submitted by the companies involved. Other times, no bidding or competition takes place.
ChatGPT
defense contractor
A defense contractor is a private company or entity that provides products or services to a country's military or defense department. These products or services typically include but are not limited to weapons systems, ammunition, vehicles, aircraft, ships, technology, intelligence, surveillance, cybersecurity, research and development, maintenance and repair services, and logistical support. Defense contractors typically secure contracts through a bidding process, working closely with governmental agencies and departments to meet their defense-related needs.
Wikidata
Defense contractor
A defense contractor is a business organization or individual that provides products or services to a military or intelligence department of a government. Products typically include military or civilian aircraft, ships, vehicles, weaponry, and electronic systems. Services can include logistics, technical support and training, communications support, and in some cases team-based engineering in cooperation with the government. Security contractors do not generally provide direct support of military operations. Under 1949 Geneva Conventions military contractors engaged in direct support of military operations may be legitimate targets of military attacks. Compare to a private military contractor. Defense contracting has expanded dramatically over the last decade, particularly in the United States, where in the last fiscal year the Department of Defense spent nearly $316 billion on contracts. Contractors have also assumed a much larger on-the-ground presence during recent American conflicts: during the 1991 Gulf War the ratio of uniformed military to contractors was about 50 to 1, while during the first four years of the Iraq War the U.S. hired over 190,000 contractors, surpassing the total American military presence even during the 2007 Iraq surge and 23 times greater than other allied military personnel numbers. In Afghanistan, the presence of almost 100,000 contractors has resulted in a near 1 to 1 ratio with military personnel.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of defense contractor in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of defense contractor in Pythagorean Numerology is: 5
Examples of defense contractor in a Sentence
Singapore is pretty desirable for every defense contractor, the value of winning a contract from Singapore goes beyond the dollars and cents. It is an affirmation of the product and the company.
Raytheon Co -LRB- RYT.N -RRB- has been our number one holding in the defense sector, because they have more international sales, upwards of 40 percent of what they do now is non-US business. And that's the highest percentage of any defense contractor.
Upwards of 40 percent of what they do now is non-US business. And that's the highest percentage of any defense contractor.
Raytheon Co has been our number one holding in the defense sector, because they have more international sales, upwards of 40 percent of what they do now is non-US business. And that's the highest percentage of any defense contractor.
Translations for defense contractor
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"defense contractor." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/defense+contractor>.
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