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New Bipartisan Bill Allows Military Contractors To Fleece Taxpayers
Key Excerpts from Article on Website of The Lever

Photo Credit: AP Photo/U.S. Air Force

The Lever, May 21, 2024
Posted: June 4th, 2024
https://www.levernews.com/new-bipartisan-bill-allows-militar...

After receiving more than $3.8 million in 2024 campaign donations from political action committees and individuals associated with the military industry, members of the House committee overseeing Pentagon spending just inserted two provisions into an upcoming bill that would exempt many more private products and services from competitive pricing guidelines and provide contractors far more leeway in what they can charge the Defense Department. Last year’s Pentagon spending bill totaled nearly $884 billion. Over the past decade, more than half of that budget has gone to military contractors. Many of the top military contractors — including Boeing, RTX Corporation, Lockheed Martin, General Dynamics, and Northrop Grumman — have seen sizable stock-value increases since the war in Gaza began in October 2023 while shooting down shareholder efforts at increased transparency. The provisions in the 2025 Pentagon spending bill are part of the 344-page National Defense Authorization Act of 2025 (NDAA). The provisions in question — Sections 811 and 812 — make good on a wishlist of policy changes that many military companies have been lobbying on for years. “As a member of the House Armed Services Committee, I’m disappointed to see provisions in the NDAA that would allow contractors to further obscure pricing data,” Rep. Ro Khanna [said]. “This would lead to more inflated costs and waste taxpayer money when we could be investing it instead.”

Note: Learn more about unaccountable military spending in our comprehensive Military-Intelligence Corruption Information Center. For more, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.


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