Most Pentagon discretionary spending from 2020 to 2024 has been allocated to outside military contractors, amounting to $2.4 trillion. The Trump administration's budget projections will exceed $1 trillion annually. The top five contractors, including Lockheed Martin and Raytheon, received $771 billion in contracts. The report indicates that private firms obtained approximately 54% of the Pentagon's $4.4 trillion in discretionary spending. Military spending has nearly doubled since 2000, largely due to ongoing strategic priorities and geopolitical developments.
Most of the Pentagon's discretionary spending from 2020 to 2024 has gone to outside military contractors, providing a $2.4tn boon in public funds to private firms.
The Trump administration's new Pentagon budget will push annual US military spending past the $1tn mark, delivering a projected windfall of more than half a trillion dollars shared among top arms firms.
The top five Pentagon contractors received $771bn in contract awards while overall, private firms received approximately 54% of the department's discretionary spending of $4.4tn over that period.
The US military budget will have nearly doubled this century, increasing 99% since 2000, driven by continuous growth in military spending starting from the Bush administration.
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