Defense PACs Fund Calvert Against Dem Takeover Attempt
Rep. Ken Calvert (R-CA), who shepherded through a defense budget increase, is getting a stream of donations from Pentagon contractor PACs in his swing district race.
Rep. Ken Calvert (R-CA), who shepherded through a defense budget increase, is getting a stream of donations from Pentagon contractor PACs in his swing district race.
Lockheed Martin and Boeing are touting their products to be part of President Trump’s missile defense project, angling to join rumored favorites SpaceX and Palantir.
In a statement yesterday, the Pentagon said it would move $50 billion in next year's budget toward “programs aligned with President Trump’s priorities.”
Musk's DOGE team is soon to arrive at the Pentagon as his companies, like SpaceX, rake in billions of dollars in defense contracts.
More than 50 members of Congress own stock in defense contractors whose profits are soaring from giant Pentagon budgets and supplemental weapons packages.
A Sludge analysis estimates that more than half of the fiscal year 2024 Pentagon budget will go to private contractors, with the five largest companies raking in one-sixth of all military spending.
Republican Rep. Kay Granger, the number one recipient of defense sector donations in the House and a "vocal supporter" of the over-budget F-35 fighter program, will chair the House Committee on Appropriations.
House progressives have again introduced amendments to significantly reduce the massive Pentagon budget of at least $768 billion.
The Biden administration and Senate Democrats' $3.5 trillion spending plan would have a net cost of $1-1.75 trillion over 10 years, budget groups say, less than the costs of the Trump tax cuts of 2017.
Texas Republican Michael McCaul owned up to $6 million in G.E. shares as he sits on the House Armed Services Committee that sets defense funding levels.