Originally published by Ekaterina Blinova on Sputnik International The Ukraine conflict has become a great boon for American Big Five defense contractors, sending their stocks up and boosting their profits. Before adopting the latest $61 billion package, the US Congress had passed four Ukraine spending bills totaling $113 since the beginning of the conflict in February 2022. The lion’s share of the entire spending initiative, or $61.8 billion (54.7%), went to the US Department of Defense which granted its major contractors lucrative new contracts. Still, $61.8 billion pales in comparison with the Pentagon’s nearly trillion-dollar budget that accounts for roughly 40% […]
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Read Full Article: https://www.vtforeignpolicy.com/2024/04/big-five-us-arms-makers-profit-from-ukraine-conflict-and-overcharge-pentagon/?feed_id=11627
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