Meanwhile, hundreds of billions of this spending goes to private defense contractors, with roughly half of the Pentagon budget going to defense contractors each year. This amounts topure profits for corporations like Lockheed Martin and Raytheon, who, a former Pentagon official revealed in an interview aired this week, have been intentionally “gouging” the prices of weapons and equipment in order to make as much profit from federal contracts as possible.
Indeed, Congress increases the amount that the government spends on the Pentagon — the only federal agency that has never passed an audit — nearly every year. This spending is on track to reach a new high for Fiscal Year 2024, withrequest for $886 billion in discretionary funding for defense next year, including $842 billion for the Pentagon.
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