“[Many] of the major defense contractors have massive backlogs that will help to maintain their revenue streams for years to come. According to the PWC review, Lockheed Martin has an $81 billion backlog, Boeing has a $46 billion backlog, and both General Dynamics and Northrop Grumman have $40 billion backlogs. All of these dollar amounts are vastly greater than the amount of contracts the firms received from the Pentagon in 2011 or any year. Thus, once again, the notion that sequestration will bring the defense industry to a screeching halt simply isn’t true.”
The Guerilla Warfare of Pentagon Contractors (via theamericanbear)
And You Wonder Why We’re Broke?
Check out this International Institute for Strategic Studies infographic on military spending.
