Word: cardoen
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Dates: during 1980-1989
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...human rights violations. When Chile almost went to war with Argentina in 1978 over ownership of three islands in the Beagle Channel, near the continent's southern tip, the Chilean government urged private industry to become involved in defense contracting. One firm that responded was Explosives Industrials Cardoen, a small company that was then producing explosives for use in mining. After developing an armored personnel carrier based on the 24.5-ton Swiss-made Mowag, Cardoen started building a 500-lb. cluster bomb. Before reaching the ground, it releases up to 300 bomblets that can cover an area the size...
...Cardoen, which exports around $70 million worth of arms a year, won out as Iraq's cluster-bomb supplier against stiff competition from U.S., British and French companies...