January 28, 2023

Contractors Get Half of DoD Budget

$1.3T Budget

More than half of the Pentagon’s yearly budget goes to private contractors. In 2021, Lockheed Martin, Boeing, Raytheon, General Dynamics, and Northrop Grumman received over $116 billion in Pentagon contracts while paying their top two dozen executives a total of $287 million. The CEOs of the top five contractors received compensation ranging from $18 million to $23 million each.