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86 new news items in the last 24 hours
9 July 06:30

One report indicates that the Pentagon's new budget under the Trump administration will exceed $1 trillion, benefiting weapons firms.

Adrian Rusu
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International
Foto: pixabay.com/ro
According to a report by the Quincy Institute and Brown University, the US military budget will exceed $1 trillion annually, generating significant windfalls for weapons firms like Lockheed Martin and Raytheon. Between 2020-2024, the Pentagon's top five contractors received $771 billion, accounting for 54% of the department's discretionary spending. This rapid growth in spending, fueled by rivalry with China and arms transfers to Israel and Ukraine, has led to a doubling of the military budget since 2000.

Sources

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Mediafax
Raport: Pentagonul a furnizat 2,4 trilioane de dolari firmelor private de armament pentru a finanța războiul
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Hot News
Trilioane de dolari către giganții armamentului. Pentagonul a efectuat „un transfer masiv de bogăție, de la contribuabili, pentru a finanța războiul”
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Digi24
Pentagonul a acordat 2,4 trilioane de dolari firmelor private de armament, în patru ani, potrivit unui raport

ȘTIRI PE ACELEAȘI SUBIECTE

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International
The United States Army intends to acquire at least one million drones in the next 2-3 years.
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International
The Secretary of War, Pete Hegseth, announced a major reform of the Pentagon's procurement system, which will allow the military to acquire technology more quickly in the face of growing global threats.
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International
The Trump administration announced that it will direct an anonymous donation of 130 million dollars to compensate the salaries of active soldiers during the government shutdown.
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International
The Pentagon has approved a sale of 105 million dollars for the maintenance of Ukraine's essential Patriot air defense systems, crucial in combating Russian threats.
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International
The U.S. Department of Defense revoked the credentials of the majority of the media after rejecting the new rules that restrict journalists' access to the Pentagon.
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International
The ten richest people in the USA have earned approximately 700 billion dollars since Trump's return to power, amplifying economic inequality.
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