Thursday, June 29, 2017

Tag: Defense Contractors

Israel sells $5 billion of weapons to Iran’s neighbour

Israel agreed on Tuesday to sell nearly $5 billion of its infamous 'Iron Dome' defence system to Iran’s northern neighbour, Azerbaijan, in a mutually beneficial trade deal. Azerbaijan's President Ilham Aliyev told reporters that historical trade between the two countries was strong, as Israel buys a large proportion of its...

Defense Industry Stocks Surge Following Donald Trump Victory

Donald Trump’s upset victory Tuesday has brought joy to the defense industry. Here’s a snapshot from Google Finance. General Dynamics: Raytheon: Lockheed Martin: Boeing: Trump campaigned on maintaining a strong military, but also voiced some skepticism about overseas military engagements and overpayments to defense contractors. The defense stocks surging is a sign that investors believe...

America’s New Nuclear-Armed Missile Could Cost $85 Billion

The U.S. Air Force’s program to develop and field a new intercontinental ballistic missile to replace the aging Minuteman III in the nuclear arsenal is now projected to cost at least $85 billion, about 36 percent more than a preliminary estimate by the service. Even the $85 billion calculated by...

Report: Contractors outnumber U.S. troops in Afghanistan 3-to-1

Defense Department contractors in Afghanistan still outnumber U.S. troops by a 3-to-1 margin according to new research released this week, raising questions again about the role those workers play in the ongoing wars overseas and the oversight they receive. The data, compiled by the Congressional Research Service and first reported...

Hillary Clinton’s Project For A New American Century

Here we go again. Earlier this year, some were surprised to see Project For The New American Century (PNAC) co-founder and longtime DC fixture Robert Kagan endorse former Secretary of State Hillary Clinton for president. They shouldn’t have been. As is now clear from a policy paper published last month,...

Lockheed Martin Biggest US Government Contractor in 2015

WASHINGTON — The Pentagon’s top 100 contractors raked in $175.1 billion in obligated contracts in 2015, down slightly from 2014’s total of $177.6 billion, according to government figures released this week. Lockheed Martin was the largest single contractor for the US government in 2015, easily lapping the rest of the...

Profits of death: disaster capitalists fan flames of war in Syria

American, European and Russian corporations are the only ones winning from humanitarian disasters of their own making. As a tentative ceasefire continues to hold in Syria, with the next round of peace talks having resumed this week, you’d be forgiven for thinking that there might be an end in sight...

Pentagon Agency Handled Record Foreign Arms Sales in 2015

WASHINGTON — One key indicator of the health of the US aerospace and defense sector, foreign military sales, rose to a record high of $46.6 billion for fiscal 2015, but US officials are warning of a dip in sales next year. The 2015 FMS increase was linked to the war...

Conflicts of interest in the Syria debate

During the public debate around the question of whether to attack Syria, Stephen Hadley, former national security adviser to George W. Bush, made a series of high-profile media appearances. Hadley argued strenuously for military intervention in appearances on CNN...

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