I was having a discussion with my mother the other day concerning military spending and when it really began to explode. She thought WWI. I was no so sure since it was low until FDR was in office and I know he increased it considerably prior to our entry into WWII. From just before WWII until the present military IE defense spending has been one of the biggest parts – if not THE biggest part of the budget.
I’m sure you have seen these chart before but I’ll bet you have not really looked at which companies get this governmental largesse. Well here is a site that shows the top 100 defense contractors and how much they get. I put together a list of the top 10.
|Company||Defense Revenue||Civilian Revenue||Employees|
|Lockheed Martin Corp.||$11,903,592,828.00||$4,796,995,501.00||136,000|
|Northrop Grumman Corp.||$9,324,359,858.00||$1,821,173,639.00||120,000|
|General Dynamics Corp.||$4,729,812,847.00||$702,070,138.00||91,200|
|Science App Intl.||$4,107,508,779.00||$1,366,973,804.00||45,000|
|L-3 Communications Corp||$3,656,361,430.00||$520,263,253.00||66,000|
|Booz Allen Hamilton||$545,907.00||$3,352,298,432.00||22,000|
|Computer Sciences Corp.||$2,220,715,093.00||$1,072,563,293.00||94,000|
Now we see why the defense budget is such a sacred cow. Or rather the khaki elephant in the bedroom. Eliminate their cushy contracts and a number of these companies would be in deep financial trouble. And here is another site that adds even more perspective in this situation. So no, I do not think Medicare or Medicaid or Social Security has as much to do with our economic problems as this does. Yet it’s become like having a tiger by the tail. Can’t hold on and can’t let go.