Lawmakers Benefit From Booming Defense Stocks
Here are the members of Congress who own stock in defense contractors like Lockheed Martin and Raytheon.
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Here are the members of Congress who own stock in defense contractors like Lockheed Martin and Raytheon.
Top defense contractors have quietly restarted their PAC donations after a pause, including to Republican election objectors.
As the F-35 fighter comes under Pentagon review for potential cuts, bipartisan groups of lawmakers are calling to continue high levels of spending on the troubled $1.7 trillion program.
The F-35 program could soon be scaled back—and possibly phased out—after gobbling up hundreds of billions of taxpayer dollars.
House Armed Services Committee chair Adam Smith (D-Wash.), a top recipient of PAC money from weapons makers, has called some Democrats "extremists" for wanting to reduce the Defense Department's $740.5 billion budget.
Defense Appropriations Subcommittee Chair Rep. Pete Visclosky (D-Ind.), the favorite of Lockheed Martin’s donations last cycle, has not yet joined House Democrats in criticizing President Trump’s military strike.
Jack Reed’s campaigns and leadership PAC have taken $362,400 from four defense contractors that have sold 90% of the American weapons bought by Saudi Arabia. Now he has a key role in negotiations around banning the companies’ Saudi sales.
New contract adds $225 million in foreign military sales to an already approved $11.25 billion deal with Saudi Arabia.