Big Five US Arms Makers Profit From Ukraine Conflict and Overcharge Pentagon

"America's Big Five defense contractors, namely Lockheed Martin, RTX (formerly Raytheon), Boeing, Northrop Grumman and General Dynamics, appeared to be ready for the boon before Russia's special military operation was launched. CBS News published the results of a six-month investigation into "what can only be described as price gouging by US defense contractors." The media outlet revealed that the Pentagon has been overpaying for almost everything from radar, missiles, and helicopters down to the nuts and bolts. To complicate matters further, the share of these windfall profits flow back to US politicians through the arms manufacturers lobby groups. As per OpenSecrets, the Big Five spent nearly $140 million on lobbying the federal government in 2023." Sputnik