3 ms·
As a new DOD report shows, big defense contractors are middlemen whose main purpose is stock buybacks and dividends
by passwordoops 4y ago
As a new DOD report shows, big defense contractors are middlemen whose main purpose is stock buybacks and dividends
- NickC25 4y agoAnd lobbying, don't forget. I'd bet the likes of General Dynamics, Lockheed, etc... collectively spend over a billion dollars every year lobbying the government.
- whitemary 4y agoThat is an extreme underestimate.
- NickC25 4y agoHonestly it probably is - but I have no idea how much they collectively spend each year buying our government, so I figured a few billion would be a good number. The real number is probably in the double-digit billions across the entire defense sector.