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Lockheed Martin CEO James Taiclet super ecstatic over USA govt’s budget deal.

There you have it folks. Galloping defense spending on perpetual warfare and 835 overseas bases, enriching James Taiclet and his defense CEO comrades. Meanwhile every decent, life enhancing aspect of American life gets the scrapes leftover.

Walt Zlotow, West Suburban Peace Coaliton, Glen Ellyn IL 5 June 23

Only American happier than Biden with budget deal

Everyone knows President Biden is ecstatic over the budget deal which prevents another default crisis during his last 2 years

But few knew the guy even happier than Biden, Lockheed Martin CEO James Taiclet. He’s super ecstatic the deal provided a 3% bump to $886 billion in defense spending, while other areas of discretionary spending are frozen at current year levels.

Taiclet wasn’t bashful about bragging over the victory garnered in part by $13 million Taiclet speeds every year lobbying Congress to keep defense spending racing upwards toward a trillion bucks in blood money.

He told defense investors at the Annual Strategic Decisions Conference after the fix was in for weapons makers:

“The current agreement…is 3 percent growth for two years in defense where other areas of the budget are being reduced. And I think, again, that’s as good an outcome as our industry or our company could ask for at this point.”

Lockheed Martin, America’s largest defense contractor, receives 73% of its $66 billion annual sales net sales from the U.S. government. Taiclet is equally thrilled personally as well as for his shareholders. His $24 million in annual compensating largely consists of performance related bonuses.

There you have it folks. Galloping defense spending on perpetual warfare and 835 overseas bases, enriching James Taiclet and his defense CEO comrades. Meanwhile every decent, life enhancing aspect of American life gets the scrapes leftover.

June 7, 2023 - Posted by Christina Macpherson | business and costs, politics, USA, weapons and war