TV News LIES

Wednesday, Jul 30th

Last update08:27:43 AM GMT

You are here News Military Pentagon provided $2.4tn to private arms firms to ‘fund war and weapons’, report finds

Pentagon provided $2.4tn to private arms firms to ‘fund war and weapons’, report finds

E-mail Print PDF

Trillions went to weapons contractorsMost of defense department’s discretionary spending from 2020 to 2024 went to military contractors.

A new study of defense department spending previewed exclusively to the Guardian shows that most of the Pentagon’s discretionary spending from 2020 to 2024 has gone to outside military contractors, providing a $2.4tn boon in public funds to private firms in what was descrhttps://www.theguardian.com/us-news/2025/jul/08/pentagon-military-spendingibed as a “continuing and massive transfer of wealth from taxpayers to fund war and weapons manufacturing”.

Responsible Statecraft and Costs of War project at Brown University said that the Trump administration’s new Pentagon budget will push annual US military spending past the $1tn mark.

That will deliver a projected windfall of more than half a trillion dollars that will be shared among top arms firms such as Lockheed Martin and Raytheon as well as a growing military tech sector with close allies in the administration such as JD Vance, the report said.

More...

 

 


Most Recent Related Stories...


Search under way for US sailor missing from USS George Washington in sea north of Australia

Sailor overboardA search-and-rescue mission is under way in the Timor Sea for a US sailor believed to...

Trump administration withdraws 700 Marines from Los Angeles

More Marines leave LAThe Pentagon continued its withdrawal of troops sent to Los Angeles as part of President Donald...

Hegseth’s ousting of female leaders may have ‘chilling effect’ at Pentagon

Hegseth interfering with GeneralsThe unexplained removal of the first female head of the U.S. Naval Academy last week is...

Hegseth senior staffer out at Pentagon

Justin Fulcher out at PentagonJustin Fulcher, a senior staffer at the Pentagon and advisor to Defense Secretary Pete Hegseth, has...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!