Contractors Get Half of DoD 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.