Lockheed Martin, famous for its fighter planes, helicopters and missiles, saw its stock price spike to over $416, a jump of seven percent almost overnight. Raytheon and General Dynamics saw similar increases.
Continue reading Military Contractors Raytheon, Lockheed Martin See Stock Prices Soar Amid Iran CrisisTag Archives: military budget
Pentagon Fails First-Ever Official Audit
WASHINGTON (Reuters) – The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve. Continue reading Pentagon Fails First-Ever Official Audit
Multiple US Gov’t ShutDowns Didn’t Deter Highest Ever Budget for Pentagon
The United States, Inc. just survived two shutdowns in two months yet this did not deter the approval of a $716 billion military budget for the year 2018-2019, the highest military budget ever, and still is among the G7 countries’ military spending combined.
Continue reading Multiple US Gov’t ShutDowns Didn’t Deter Highest Ever Budget for Pentagon
$21 Trillion of Unauthorized Spending by US Govt Discovered by Economics Professor
The US government may have misspent $21 trillion, a professor at Michigan State University has found. Papers supporting the study briefly went missing just as an audit was announced. Continue reading $21 Trillion of Unauthorized Spending by US Govt Discovered by Economics Professor