This is an excellent explanation of how the military industrial complex works. (Or doesn’t for the American taxpayer.)
Kudos to Trump for putting pressure on the defense contractors. He should keep the pressure on. Particularly when it comes to the F-35 which is a giant overpriced works program for retired military. The littoral ship fleet needs close examination also.
If one wants a better deal in anything one has to ask for one. We’ll see how much better this ends up being for the taxpayers.
Surprise, surprise, Trump calls out Lockheed for cost overruns on the F-35 and the Military Industrial Complex freaks out. Trump is mistaken we are told. The Pentagon asserts that the F-35 is actually a good deal for the taxpayers.
This is good to see. About time Lockheed felt some real pressure on the F-35. Lockheed and many subcontractors have been riding this taxpayer financed gravy train for far too long.
Mr. McCain is not always our favorite guy here at ACC but every once in a while something like this comes up.
This is nice. Lockheed Martin runs a nuclear lab in New Mexico which gets federal funds, taxpayer money. The company recently lobbied for an extension of its contract with the government on a no-bid basis. Seeing as Lockheed doesn’t have piles of money lying around (they do) the company figured that the best way to secure a no-bid contract was to use taxpayer dollars which were allocated for national security purposes, and to hire a former congresswoman turned lobbyist to help secure said no-bid contract with the money.
No business, defense contractor, bank, car company or any other type of firm is “too big to fail.” In fact if anything the firms tagged with TBTF are already failing and that is why the taxpayer is forced to prop them. That does not seem to be the case with Lockheed Martin. (Currently that is. Lockheed was bailed out by the taxpayers in 1971, one of the first corporate bailouts.)
By spreading itself out over the American map Lockheed has created lots of friends in Congress.
Gotta keep that taxpayer money spigot flowing. Defense is big government too.