Will NZ Be A Country Of War Profiteers? The just released New Zealand Defence Industry Strategy is clear that the government intends to fund and develop a home-grown defence industry. The ‘defence industry’ is better known as the weapons industry or arms trade. New Zealanders do not want to be a nation of war profiteers,” said Valerie Morse of Peace Action Wellington. “Peace Action Wellington and our sister organisations have a long history of actively campaigning against the NZ Defence Industry Association annual weapons expo.