Ad Box 01 - HTML1

Logo - HTML2

Small Menu - HTML3

Search - HTML4

Ad Box 2 - HTML8

Recent Posts Slider - HTML22

28% of federal contract funds go to just 10 companies...all make weapons systems

If this is the age of budget cutbacks and government austerity, someone ought to tell the Pentagon and its weapons contractors, because they haven’t gotten the memo about shared sacrifice. According to a summary of the top federal contractors produced by the Federal Procurement Data System, the Defense Department gave out $372.8 billion (70%) of the $532.6 billion in government contract spending in fiscal year 2011, with just 10 arms makers accounting for 28% of all contracting dollars, up from 25% a year before, and the top 5 accounting for 20.8%.