Military Corruption News Stories
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With the U.S. supplying billions-of-dollars of munitions to Ukraine and growing tensions in the Taiwan Strait, some Pentagon generals are sounding alarms about the dwindling supply of U.S. weapons ... at a time when the cost of replacing them is skyrocketing. A six-month investigation by 60 Minutes found it has less to do with foreign entanglements than domestic ones - what can only be described as price gouging by U.S. defense contractors. It wasn't always like this. The roots of the problem can be traced to 1993, when the Pentagon, looking to cut costs, urged defense companies to merge. Fifty one major contractors consolidated to five giants. The landscape has totally changed. In the '80s, there was intense competition amongst a number of companies. And so the government had choices. They had leverage. We have limited leverage now. The problem was compounded when the Pentagon, in another cost saving move, cut 130,000 employees whose jobs were to negotiate and oversee defense contracts. The Pentagon granted companies unprecedented leeway to monitor themselves. Instead of saving money ... the price of almost everything began to rise. In the competitive environment before the companies consolidated, a shoulder fired stinger missile cost $25,000 in 1991. With Raytheon now the sole supplier, it costs more than $400,000 to replace each missile sent to Ukraine ... even accounting for inflation and some improvements that's a seven-fold increase.
Note: Leading military contractors are hiking up prices of everyday products as well, costing US taxpayers more than $1.3 million in unnecessary markups. Explore how the Pentagon paid arms manufacturer Boeing over $200,000 for four trash cans used in surveillance planes (roughly $51,606 per unit). War profiteering happens on many levels, as articulated in a summary of War is a Racket by General Smedley D. Butler.
More than 50 years had passed since Ellsberg – risking prison for the rest of his life – had provided the New York Times and other newspapers with 7,000 pages of top-secret documents that quickly became known as the Pentagon Papers. From then on, he continued to speak, write, and protest as a tireless antiwar activist. I asked what the impacts would likely be if pictures of people killed by the U.S. military's bombing campaigns were on the front pages of American newspapers. "I am in favor, unreservedly, of making people aware what the human consequences are of what we're doing – where we are killing people, what the real interests appear to be involved, who is benefiting from this, what are the circumstances of the killing," Ellsberg replied. "I want that to come out. It is not impossible, especially [with] social media, where people can be their own investigative journalists." Ellsberg died today from pancreatic cancer. While he is best known as the whistleblower who gave the Pentagon Papers about the Vietnam War to the world, he went on for 52 years to expose other types of secrets – including hidden truths about the psychology and culture of U.S. militarism. Ellsberg added, “How much of a role does the media actually play in ... deceiving the public? I would say, as a former insider, one becomes aware: It’s not difficult to deceive them. First of all, you’re often telling them what they would like to believe – that we’re better than other people, we are superior in our morality and our perceptions of the world.”
Note: This article was written by Norman Soloman, longtime political activist and media critic on war coverage. Explore a powerfully written adaptation from Soloman's new book, War Made Invisible: How America Hides the Human Toll of Its Military Machine. For more along these lines, see concise summaries of news articles on government corruption and the war machine from reliable major media sources.
A MintPress investigation has found that a host of Western government officials, intelligence agents and assets have been directly involved in intimate collaboration with Nazi groups and individuals since at least 2014. This has included involvement in creating and operating the Nazi-run kill list in Ukraine. While Western media have belatedly been forced to concede that there are Nazi influences in Ukraine, many journalists have insisted that the visible fascist patches on uniforms are only there to troll Russians and that they are insignificant and a gift to Russian propaganda. Still, other journalists admit to asking Ukrainian service members to cover up their Nazi symbols. Last May, The Irish Independent claimed that [former adviser to Ukraine's foreign minister Cormac] Smith is "an unlikely key player in the information war," who "estimates he has given about 100 TV, radio and print interviews with the international media in the past few months to tell Kyiv's side of the story." Smith has a nice line in outrageous propaganda gambits, claiming that Russians are the actual Nazis and that they murder, rape and pillage, including the rape of children. As it turns out, the source of many of the allegations ... was the Ukraine parliamentary commissioner for human rights, Lyudmila Denisova. Last year, it was comprehensively demonstrated that her stories had little evidential basis. She ... admitted to "promoting fake news to persuade Western countries to send more arms and aid." Smith nonetheless carried on making vague allegations of rape for months afterward.
Note: US agencies used at least 1,000 ex-Nazis as spies and informants during the Cold War. Nazi doctors were also used used to teach the CIA mind control methods. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the war machine from reliable major media sources.
Last year, my name was added to a blacklist published online by the Ukraine Center for Countering Disinformation. I joined over ninety others deemed to be “speakers who promote narratives consonant with Russian propaganda.“ These included Manuel Pineda and Clare Daly, both leftist Members of the European Parliament (MEP); Also counted are ... a slew of rightist MEPs; Ex CIA officer, Ray McGovern; former military and intelligence figures such as Scott Ritter and Douglas McGregor. Journalists on the list included Glenn Greenwald, Tucker Carlson and Eva Bartlett. The Center for Countering Disinformation ... is an official governmental body created in late March 2021, along with a similar organization, the Center for Strategic Communication, by President Zelensky himself. They [are] related to other blacklisting websites like Myrotvorets (“Peacemaker”), widely seen as a “kill list.” The covert “kill list” website is a product of the Ukraine regime, effectively funded by the CIA (amongst others) and is hosted by NATO. One extraordinary thing is that many American citizens, including ex-military and intelligence operatives, are included, as well as a significant number of citizens of NATO member countries. Perhaps the most remarkable element is that NATO has hosted the site ... on its servers in Brussels. Myrotvorets lists thousands of “saboteurs”, “separatists”, “terrorists” and “traitors”. Sometimes, it has crossed out their photographs once they had been killed, with the label “liquidated”.
Note: This article was written by sociology professor and investigative researcher David Miller, who is widely known for his writings on propaganda, lobbying, and media issues. Tune into an entertaining yet revealing video from The Jimmy Dore Show to further explore interesting perspectives about the Ukrainian "Kill List."
Amid a crisis in recruitment, the U.S. military has found a new way of convincing a war-weary Generation Z to enlist: thirst traps. Chief among these attractive young women in uniform posting sexually suggestive content alongside subtle ... calls to join up is Hailey Lujan. In between the thirst traps and memes, the 21-year-old makes content extolling the fun of Army life to her 731,000 TikTok followers. Lujan is a psychological operations specialist with the Army. Her [job] is to convince, persuade and propagandize in creative new ways. The Army recruitment website description of the role sounds eerily similar to her own content. "As a Psychological Operations Specialist, you'll be an expert at persuasion," it reads, adding: "You'll assess and develop the information needed to influence and engage specific audiences. You'll broadcast important information through various mediums and assist U.S. and foreign governments, militaries, and civilian populations." Lujan is far from the only serviceperson on military TikTok (#MilTok) promoting military life, however. Juliana Keding – a military policewoman with over 900,000 followers – regularly combines thirst traps with videos about Army life. TikTok is not the only battleground for young people's minds, however. In the last year, a significant portion of the Biden administration's record-breaking $857 billion defense budget went on advertising. The Army in particular has spent large sums of money collaborating with some of YouTube's biggest stars.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in the military and media manipulation from reliable sources.
Within ten days [of its release], the first-person military shooter video game [Call of Duty: Modern Warfare II] earned more than $1 billion in revenue. The Call of Duty franchise is an entertainment juggernaut, having sold close to half a billion games since it was launched in 2003. Its publisher, Activision Blizzard, is a giant in the industry. Details gleaned from documents obtained under the Freedom of Information Act reveal that Call of Duty is not a neutral first-person shooter, but a carefully constructed piece of military propaganda, designed to advance the interests of the U.S. national security state. Not only does Activision Blizzard work with the U.S. military to shape its products, but its leadership board is also full of former high state officials. Chief amongst these is Frances Townsend, Activision Blizzard's senior counsel. As the White House's most senior advisor on terrorism and homeland security, Townsend ... became one of the faces of the administration's War on Terror. Activision Blizzard's chief administration officer, Brian Bulatao ... was chief operating officer for the CIA, placing him third in command of the agency. Bulatao went straight from the State Department into the highest echelons of Activision Blizzard, despite no experience in the entertainment industry. [This] raises serious questions around privacy and state control over media. "Call of Duty ... has been flagged up for recreating real events as game missions and manipulating them for geopolitical purposes," [journalist Tom] Secker told MintPress.
Note: The latest US Air Force recruitment tool is a video game that allows players to receive in-game medals and achievements for drone bombing Iraqis and Afghans. For more on this disturbing "military-entertainment complex" trend, explore the work of investigative journalist Tom Secker, who recently produced a documentary, Theaters of War: How the Pentagon and CIA Took Hollywood, and published a new book, Superheroes, Movies and the State: How the U.S. Government Shapes Cinematic Universes.
Scientists in Wuhan working alongside the Chinese military were combining the world's most deadly coronaviruses to create a new mutant virus just as the pandemic began. Investigators who scrutinized top-secret intercepted communications and scientific research believe Chinese scientists were running a covert project of dangerous experiments, which caused a leak from the Wuhan Institute of Virology and started the Covid-19 outbreak. The US investigators say one of the reasons there is no published information on the work is because it was done in collaboration with researchers from the Chinese military, which was funding it and which, they say, was pursuing bioweapons. The investigators' report was published in early 2021. It made two assertions: that Wuhan scientists were conducting experiments on RaTG13 from the Mongolian mine, and that covert military research, including laboratory animal experiments, was being done at the institute before the pandemic. Dr Steven Quay, a US scientist who advised the State Department on its investigation ... believes Covid-19 was created by inserting a furn cleavage site into one of the mine viruses and then serial passaging it through humanized mice. He submitted a statement to the US Senate explaining the process. "You infect the mice, wait a week or so, and then recover the virus from the sickest mice. Then you repeat. In a matter of weeks this directed evolution will produce a virus that can kill every humanized mouse."
Note: Don't miss this article by Michael Heisenberg titled "First People Sickened By COVID-19 Were Chinese Scientists At Wuhan Institute Of Virology, Say US Government Sources." And this article sheds more light on the pandemic's origins. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
How Death Outlives War: The Reverberating Impact of the Post-9/11 Wars on Human Health, published by the Costs of War project at Brown University’s Watson Institute, focuses on what [author Stephanie Savell] terms “indirect deaths” – caused not by outright violence but by consequent, ensuing economic collapse, loss of livelihoods, food insecurity, destruction of public health services, environmental contamination and continuing trauma, including mental health problems, domestic and sexual abuse and displacement. Calculated this way, the total number of deaths that occurred as a result of post-9/11 warfare in Afghanistan, Pakistan, Iraq, Syria, Yemen, Libya and Somalia rises dramatically from an upper estimate of 937,000 to at least 4.5 million, of which up to 3.6 million were “indirect deaths”. Such deaths grow in scale over time. In Afghanistan, where the war ignited by the 2001 US-led invasion ended in 2021, the indirect death toll and related health problems are still rising. Experts suggest “a reasonable, conservative average estimate for any contemporary conflict is a ratio of four indirect deaths for every one direct death”, Savell says. The poorer the population, the higher the resulting indirect mortality when conflict erupts. Savell does not attempt to apportion blame between various actors, although the US, which launched the “global war on terror” in 2001, bears heavy responsibility. An estimated 38 million people have been displaced since 2001.
Note: For more along these lines, see concise summaries of deeply revealing news articles on war from reliable major media sources.
Across Ukraine's vast expanse, there are thought to be 174,000 square kilometres which are contaminated by landmines. It is an area of land larger than England, Wales and Northern Ireland combined. In the war-scarred Kharkiv region, warning signs occasionally appear next to brown, barren fields which were once front lines. Even more infrequent is the sight of demining teams sweeping their metal detectors across small, taped-off areas. A literal scratching of the surface. More landmines have been found in the Kharkiv region than anywhere else in Ukraine. The Russians deployed landmines to both defend their positions and slow the Ukrainians. After leaving in a rush, a lethal footprint was left behind. In the small town of Balakliya, on a patch of land next to an apartment block, Oleksandr Remenets' team have already found six anti-personnel mines. They'd earlier uncovered around 200 nearby. "My family calls me every morning to tell me to watch where I tread," he says. "One of our guys lost his foot last year." The day after we spoke, another member of his team was wounded by a mine. Since September, 121 civilians have been injured in the Kharkiv region alone, according to the State Emergency Service. 29 were killed. More than 55,000 explosives have been found in the area. So-called butterfly mines [are] the most common in the area. They're only three to four inches wide, propeller shaped, and are scattered from a rocket. They're banned by international law. That hasn't stopped them from being used in this war.
Note: For more along these lines, see concise summaries of deeply revealing news articles on war from reliable major media sources.
The U.S. carpet bombing of Cambodia between 1969 and 1973 has been well documented, but its architect, former national security adviser and Secretary of State Henry Kissinger ... bears responsibility for more violence than has been previously reported. An investigation by The Intercept provides evidence of previously unreported attacks that killed or wounded hundreds of Cambodian civilians during Kissinger's tenure in the White House. "You can trace a line from the bombing of Cambodia to the present," said Greg Grandin, author of "Kissinger's Shadow." "The covert justifications for illegally bombing Cambodia became the framework for the justifications of drone strikes and forever war." Kissinger bears significant responsibility for attacks in Cambodia that killed as many as 150,000 civilians, according to Ben Kiernan, former director of the Genocide Studies Program at Yale University and one of the foremost authorities on the U.S. air campaign in Cambodia. That's up to six times the number of noncombatants thought to have died in U.S. airstrikes in Afghanistan, Iraq, Libya, Pakistan, Somalia, Syria, and Yemen during the first 20 years of the war on terror. Grandin estimated that, overall, Kissinger – who also helped to prolong the Vietnam War and facilitate genocides in Cambodia, East Timor, and Bangladesh; accelerated civil wars in southern Africa; and supported coups and death squads throughout Latin America – has the blood of at least 3 million people on his hands.
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption and war from reliable major media sources.
The Taliban clashed with Iranian border guards over the weekend, and it used American equipment to do it. Videos of the skirmish are all over social media, and they show Afghanistan fighters using a mix of old Soviet gear and U.S. weapons from the War on Terror. On Telegram, videos from the advocacy group HalVash showed U.S. armored Humvees rolling down a road. One dramatic video ... showed a Humvee with an M240 machine gun in the back. Taken from the point of view of the man behind the gun, the shot lingers on the spent ammunition littering the top of the Humvee. According to the Special Inspector General for Afghanistan Reconstruction (SIGAR), a U.S. agency that tracked waste, fraud, and abuse in Afghanistan, America spent around $18.6 billion equipping the Afghan National. Much of that equipment is now in the hands of the Taliban. The Pentagon has said it left behind about $7.12 billion worth of military equipment, and it's had a hard time keeping track of it all in the wake of its withdrawal. The U.S. would frequently ship guns and equipment into the country only to have it go missing later. Shipping containers filled with small arms would sit unattended for years. The Taliban has much of it now. After the collapse, a Taliban official told AL Jazeera that it had taken more than 300,000 light arms, 26,000 heavy weapons, and around 61,000 military vehicles when it took over the country. He said the plan was to use these weapons and the Soviet-era armor to create a "grand army."
Note: Read how the U.S. documented 12 years of failed reconstruction efforts in Afghanistan involving billions of dollars wasted and thousands of lives lost. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
President Joe Biden claims that the United States is leading “democracies” in a fight against “autocracies” to establish a peaceful international order, but his administration approved weapons sales to nearly three-fifths of the world’s authoritarian countries in 2022. That’s according to a new analysis conducted by Security Policy Reform Institute co-founder Stephen Semler. The U.S. has been the world’s largest arms dealer since the end of the Cold War. Data released in March showed that the U.S. accounted for 40% of global weapons exports from 2018 to 2022. Semler relied on data from the Varieties of Democracy project at the University of Gothenburg in Sweden, which uses a classification system called Regimes of the World. “Of the 84 countries codified as autocracies under the Regimes of the World system in 2022, the United States sold weapons to at least 48, or 57%, of them,” Semler wrote. “These findings fly in the face of Biden’s preferred framing of international politics as a “battle between democracies and autocracies.” The president’s narrative “lends itself more to a self-righteous foreign policy than an honest or productive one,” Semler argued. “Dividing the world between democratic and autocratic countries — in the spirit of ‘with us or against us’ — makes conflict more likely and has had a chilling effect on calls for diplomacy and détente. It’s also harder to cooperate with the international community while insisting you’re locked in an existential fight with roughly half of them.”
Note: Beyond arms sales, the US loses track of huge quantities of weapons in combat zones. Read an in-depth article on how the Ukraine war is shaking up the arms industry in unprecedented ways. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
The U.S. Army Cyber Command told defense contractors it planned to surveil global social media use to defend the "NATO brand," according to a 2022 webinar recording reviewed by The Intercept. "NATO is one of our key brands that we are pushing, as far as our national security alliance," [Lt. Col. David Beskow] explained. The mass social media surveillance appears to be just one component of a broader initiative to use private-sector data mining to advance the Army's information warfare efforts. Beskow expressed an interest in purchasing access to nonpublic commercial web data, corporate ownership records, supply chain data, and more. While the U.S. national security establishment frequently warns against other countries' "weaponization" of social media and the broader internet, recent reporting has shown the Pentagon engages in some of the very same conduct. Researchers from Graphika and the Stanford Internet Observatory uncovered a network of pro-U.S. Twitter and Facebook accounts covertly operated by U.S. Central Command, an embarrassing revelation that led to a “sweeping audit of how it conducts clandestine information warfare." Despite years of alarm in Washington over the threat posed by deepfake video fabrications to democratic societies, The Intercept reported last month that U.S. Special Operations Command is seeking vendors to help them make their own deepfakes to deceive foreign internet users.
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption and media manipulation from reliable sources.
The Georgia Army National Guard plans to combine two deeply controversial practices — military recruiting at schools and location-based phone surveillance — to persuade teens to enlist, according to contract documents reviewed by The Intercept. The federal contract materials outline plans by the Georgia Army National Guard to geofence 67 different public high schools throughout the state, targeting phones found within a one-mile boundary of their campuses with recruiting advertisements “with the intent of generating qualified leads of potential applicants for enlistment while also raising awareness of the Georgia Army National Guard.” Geofencing refers generally to the practice of drawing a virtual border around a real-world area. The ad campaign will make use of a variety of surveillance advertising techniques, including capturing the unique device IDs of student phones, tracking pixels, and IP address tracking. It will also plaster recruiting solicitations across Instagram, Snapchat, streaming television, and music apps. The campaign plans not only call for broadcasting recruitment ads to kids at school, but also for pro-Guard ads to follow these students around as they continue using the internet and other apps, a practice known as retargeting. While the state’s plan specifies targeting only high school juniors and seniors ages 17 and above, demographic ad targeting is known to be error prone, and experts told The Intercept it’s possible the recruiting messages could reach the phones of younger children.
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption and the disappearance of privacy from reliable major media sources.
The Stockholm International Peace Research Institute (SIPRI) estimates that six countries—the U.S., Russia, France, China, Germany, and Italy—were responsible for 80 percent of global weapons exports from 2018 to 2022. The U.S. alone counted for 40 percent, while Russia was a distant second at 16 percent. Maintaining and growing their market share is a prerogative for countries that export weapons. Turkey has sold many drones to Ukraine, while Iran has sold its own arsenal to Russia. Both Turkey and Iran are aiming to pitch their products as low-cost alternatives to Western manufacturers. Turkey, however, is still in talks to buy Russia's S-400 missile defense system. Its provision of weapons to Ukraine, while it continues to negotiate weapons deals with Russia, demonstrates the complicated nature of the global arms industry. The war in Ukraine continues to underline how integral the arms industry is to geopolitics. China, for example, has not provided weapons to either Ukraine or Russia, but its largest civilian drone maker, DJI, is one of the most important suppliers for their militaries. The U.S. has been criticized in recent years for its weapons exports to Saudi Arabia, which is under fire for human rights abuses and for its conflict in Yemen. And though claims of Western weapons being smuggled out of Ukraine have often been dismissed, there is concern that many of the weapons sent to the Ukrainian military have or will end up on the black market.
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
The U.S. corporate media’s first response to the leaking of secret documents about the war in Ukraine was to throw some mud in the water, declare “nothing to see here,” and cover it as a depoliticized crime story about a 21-year-old Air National Guardsman who published secret documents to impress his friends. What these documents reveal, however, is that the war is going worse for Ukraine than our political leaders have admitted to us, while going badly for Russia too, so that neither side is likely to break the stalemate this year, and this will lead to “a protracted war beyond 2023,” as one of the documents says. We can’t help wondering what President Biden’s plan could be, or if he even has one. In what amounts to a second leak that the corporate media have studiously ignored, U.S. intelligence sources have told veteran investigative reporter Seymour Hersh that they are asking the same questions, and they describe a “total breakdown” between the White House and the U.S. intelligence community. According to Hersh’s report, the CIA assesses that Ukrainian officials, including President Zelenskyy, have embezzled $400 million from money the United States sent Ukraine to buy diesel fuel for its war effort, in a scheme that involves buying cheap, discounted fuel from Russia. Meanwhile, Hersh says, Ukrainian government ministries literally compete with each other to sell weapons paid for by U.S. taxpayers to private arms dealers in Poland, the Czech Republic and around the world.
Note: For more along these lines, see concise summaries of deeply revealing news articles on media manipulation and war from reliable sources.
A set of secret national security documents burst into public view last week. The intelligence documents appear to have entered the public domain in an unusual way — someone began sharing them, starting late last year, on an obscure Discord server called Thug Shaker Central. The alleged leaker, Jack Teixeira, a member of the Massachusetts Air National Guard, was arrested. It is traditional for the government to exaggerate the alleged harms of classified information becoming public, and this appears to be happening again. The real problem isn’t what’s leaked, but what’s classified. Almost every news story about the latest disclosures has noted that the Pentagon and other government agencies will now put tighter lids on secret documents, even though, as historian Matthew Connelly points out in his new book, “The Declassification Engine,” the government already puts way too much material behind its moat. In fact, the human harm caused by unauthorized leaks is almost always inflicted by the government itself in the form of egregious prosecutions of leakers. Although Snowden, [Chelsea] Manning, and, more recently, Reality Winner, revealed secrets that the public had a right to know, the government charged all of them under the draconian Espionage Act. While Snowden sought safety in Russia, Manning served seven years in prison (she was originally sentenced to 35 years), and Winner was sentenced to more than five years for leaking just a single document.
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
The U.S. has not engaged in a defensive war for nearly 80 years, instead destabilizing governments worldwide in Vietnam, the Korean Peninsula, Iraq, Afghanistan, throughout Africa and across Latin America. Although all weapons of mass destruction in space are technically prohibited by the 1967 Outer Space Treaty, it isn’t without precedent for major military powers to withdraw from such treaties. In 2019, President Donald Trump diverged from President Barack Obama’s promise he would “not weaponize space,” and created an official Space Force. Countersurveillance and counter-communications have been central goals of U.S. military space operations since the 1990s, alongside attaining U.S. “full spectrum dominance” of all potential conflict sites — including space. Space infrastructure ... increases the risk of global nuclear war by presenting new opportunities for armament and hostility. The government’s ability to militarize this technology is strongly related to investment and development in the private sector through companies such as Boeing, SpaceX and Blue Origin. The commercial arm of the military-industrial complex is extending into space. Along with Blue Origin, SpaceX has collaborated with DOD in developing rapid global military cargo delivery systems, which the DOD hopes will make for global military logistics — delivery of supplies, weapons and even human soldiers anywhere on earth — in under 60 minutes.
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
In recent months, the Pentagon has moved to provide loans, guarantees, and other financial instruments to technology companies it considers crucial to national security — a step beyond the grants and contracts it normally employs. So when Silicon Valley Bank threatened to fail in March following a bank run, the defense agency advocated for government intervention to insure the investments. The Pentagon had even scrambled to prepare multiple plans to get cash to affected companies if necessary, reporting by Defense One revealed. Their interest in Silicon Valley Bank stems from the Pentagon’s brand-new office, the Office of Strategic Capital. The secretary of defense established the OSC in December specifically to counteract the investment power of adversaries like China in U.S. technologies, and to secure separate funding for companies whose products are considered vital to national security. The national security argument for bailout, notably, found an influential friend in the Senate. As the Biden administration intervened to protect Silicon Valley Bank depositors on March 12, Sen. Mark Warner, D-Va., who chairs the powerful Senate Intelligence Committee and also sits on the Banking Committee, issued a press release warning that the bank run posed a national security risk. Warner — the only member of Congress to have publicly tied SVB to national security — has received significant contributions from the financial sector. Since 2012, Warner has received over $21,000 from Silicon Valley Bank’s super PAC.
Note: Many tech startups with funds in Silicon Valley Bank were working on projects with defense and national security applications. Explore revealing news articles on the rising concerns of the emerging technologies that the Defense Department is investing in, given their recent request for $17.8 billion to research and develop artificial intelligence, autonomy, directed energy weapons, cybersecurity, 5G technology, and more.
Lockheed Martin Corp (LMT.N) said on Monday the U.S. Army has awarded a multi-year production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles, in a deal that could go up to $4.5 billion including follow-on awards. The contract, which will have a total value of $439 million in its first year, is among the first multi-year awards for precision munitions, as the Pentagon looks to build stocks in the hopes of deterring China. In March, President Joe Biden requested $842 billion for the Pentagon and $44 billion for defense-related programs at the Federal Bureau of Investigation, Department of Energy and other agencies. The 2024 budget proposal is $28 billion more than last year's $858 billion. Lockheed added the contract also offers three additional follow-on awards which will start in late 2023, allowing for a total contract value of up to $4.5 billion over the next four years. The JAGM program anticipates a "significant increase" in international demand for the weapon system, Lockheed said.
Note: Many benefit financially from warfare when it comes to provoking proxy wars and furthering U.S. agendas of full-spectrum dominance, as thoroughly explored in the book War is a Racket by the highly decorated general Smedley D. Butler. According to a revealing report, at least 47 members of Congress and their spouses hold between $2 million and $6.7 million worth of stock in Lockheed Martin and other companies that are among the top 100 defense contractors.
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