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Lockheed Martin had $51 billion in government contracts in 2017 alone. Their total revenue that year was a whole $54 billion. This article is complaining about
by geofft 7y ago
Lockheed Martin had $51 billion in government contracts in 2017 alone. Their total revenue that year was a whole $54 billion. This article is complaining about Huawei getting $75 billion over many years.
- Retric 7y agoLockheed Martin got contracts of which perhaps 5-8% (2.6B to 4B) is profit, this is more direct funding. $75 billion in tax breaks etc is more like a 750B contract in terms of growth potential. Which is why I am saying this is such a huge amount of money rather than unfair or anything. PS: Oddly, when bidding large federal contracts you include profit margin as a line item. Past 8% is possible, but starts to raise red flags.