The Military-Industrial Complex and Congresspukes

[Eupher]

It's so nice to see how much they're in bed with one another.

Honeywell Takes the Top Spot
The largest investments in defense industry stock by members of Congress are likely in aerospace and nuclear weapons contractor Honeywell at a total of up to $2.6 million. In 2020, Honeywell brought in over $5.8 billion from the Pentagon and foreign defense customers, according to Defense News, making up nearly a fifth of its total revenue.

The second-highest amount of stock owned appears to be in Raytheon at a maximum value of over $1 million, with about half that amount held by Senate Democrats John Hickenlooper of Colorado and Sheldon Whitehouse of Rhode Island, at a maximum of $250,000 apiece.

The third-highest amount held is likely in Lockheed Martin, by far the largest government contractor overall, with as much as $765,000 of its stock owned by federal lawmakers. Virtually all of Lockheed’s revenue comes from contracts with the Department of Defense, and with Raytheon it combined for over $104 billion in defense revenue last year.

Aerospace giant Boeing comes in fourth for 2020, at up to $570,000 in stock held by at least 11 members of Congress. Boeing was the third-largest defense contractor last year, bringing in about half of its $58 billion in total revenue from the Department of Defense and international military customers. During the economic crunch from the coronavirus pandemic last year, the company initially lobbied the federal government for a $60 billion bailout for the aerospace manufacturing industry, before instead completing an April 2020 bond sale that raised $25 billion with backing from the Federal Reserve.

The article names names. Your favorite Senator is probably one of them.

Sludge

[old dog 2]

So nice to see bipartisanship.