Shocking report exposes how US defense contractors have wasted trillions through fraud and corruption | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Shocking report exposes how US defense contractors have wasted trillions through fraud and corruption

The newly released ‘Profits of War’ report from Brown University has revealed in staggering detail the full extent of the corruption unleashed by Washington’s profligate defense spending during the 20-year War on Terror.

It notes that since the start of the intervention in Afghanistan in October 2001, Pentagon spending has totalled $14 trillion, with the US war budget increasing between 2002 and 2003 by more than the entire military spending of any other country. Between one-third and one-half of that total was pocketed by defense firms, which provided logistics and reconstruction, private security services and weapons – along the way, these contractors habitually engaged in “questionable or corrupt business practices,” including fraud, abuse, price-gouging and profiteering.

Wartime conditions meant standard contract processes were circumvented – bidders, bids, and subsequent delivery weren’t subject to significant oversight, so fleecing the Pentagon was extremely easy, particularly for well-connected companies with government ties.

Lockheed Martin, Boeing, General Dynamics, Raytheon, and Northrop Grumman have in recent years been awarded between a quarter to a third of all Pentagon contracts. It’s surely no coincidence that four of the past five US Defense Secretaries previously worked at one of the ‘big five’.

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