In spite of the recession, major military contractors have realized substantial – even excessive – profits throughout the last decade. Spending on procurement from these contractors and others amounted to roughly a trillion dollars between 2001 and 2010.1 Stock prices of major military contractors more than doubled during this period. Some, such as Halliburton, benefited from billions in lucrative, single-source contracts.2 Procurement and contract reform, better accounting methods, and competitive bidding could save billions of taxpayer dollars.
Connect with UFPJ
Find us on Facebook and sign up for email alerts to stay up to date on actions for peace and justice