Pentagon’s New Year’s resolution? Speed up arms sales

In the first year of Donald Trump's presidential administration, the United States has been busy selling weapons to the rest of the world -- "busier than ever" as one official put it over the summer, although while America reportedly surpassed its fiscal 2016 tally by several billion dollars in exporting nearly $42 billion of arms … Continue reading Pentagon’s New Year’s resolution? Speed up arms sales

After Twitter outrage, Trump rewards biggest defense contractors

Back in December, following his election win but prior to his inauguration, President Donald Trump made headlines with tweets criticizing America's largest military contractors, Boeing and Lockheed Martin. If investors were spooked, however, recent developments should ease their fears, as these same companies are set to profit handsomely if Trump's newly proposed budget is approved. … Continue reading After Twitter outrage, Trump rewards biggest defense contractors

Trump promises more for less military spending, experts expect budget hikes

The U.S. reached some new military milestones last year. America dropped at least 26,171 bombs in 2016, for example -- over 3,000 more than the year before, averaging about one bomb every 20 minutes. And that number includes only bombs dropped in some of the better known conflict areas where the U.S. is involved -- … Continue reading Trump promises more for less military spending, experts expect budget hikes

$58 billion in cancelled DoD projects just a drop in a bucket of unknown depth

The Pentagon is not known for good bookkeeping. As some readers may recall, the Defense Department's Inspector General reported in June that the DoD cannot account for trillions in spending. So the release of a definite number last week - $58 billion - might come as a relief - except that it's not an amount … Continue reading $58 billion in cancelled DoD projects just a drop in a bucket of unknown depth