US defence contractors such as Lockheed Martin, General Dynamics and others expect that existing orders for hundreds of thousands of artillery rounds, hundreds of Patriot missile interceptors and a surge in orders for armoured vehicles expected soon will boost their results in coming months The Russian invasion of Ukraine in 2022 is starting to boost defence contractors’ revenues, as customers …
As the war in Ukraine heads towards the one-year mark, so far there has been only one clear winner — the US arms industry. The MIC was already a "powerful force", and in response to Ukraine the US has stripped away many safeguards to protect against waste and price gouging, Mr Hartung said. Production for Lockheed Martin's popular Javelin anti-tank …
The Pentagon pumped out more contracts than it could oversee, lawmakers and government special investigators said Up to half of the $14 trillion spent by the Pentagon since 9/11 went to for-profit defence contractors, a study released Monday found. In the post-9/11 wars, US corporations contracted by the Defense Department not only handled war-zone logistics like running fuel convoys and …
Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A $1bn fund Congress gave the Pentagon in March to …
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