http://www.kenniffonline.com/making-profits-from/

why the military is making a huge profits from the war in iraq?
The military is not a revenue-generating entity in the sense that you seem to think.
Think about it. They don’t produce a product or a marketable service, they have no customers and no investors. You can’t buy stocks in any branch of the military.
No doubt there are private companies (government contractors) who are making a profit from the war. But that’s a different issue. If you were running a business in a war zone, with huge safety risks to your employees and huge financial risks to your investors, you’d probably expect a hefty profit, too.
Making Moonshine for Fun & Profit