All posts tagged "Defense Contractors"

WASHINGTON — Rep. Bill Keating (D-MA), a member of the U.S. House Armed Services Committee, dumped up to $65,000 worth of investments in defense contractor Boeing at a time when the company faces federal scrutiny over its aircraft safety protocols and manufacturing quality.

On Feb. 8, Keating sold a Boeing corporate note valued at between $15,001 and $50,000, and on Feb. 28, sold Boeing stock shares valued at between $1,001 and $15,000, according to a federal disclosure submitted this week to the Clerk of the House of Representatives and reviewed by Raw Story.

The House Armed Services Committee on which Keating sits “retains exclusive jurisdiction for defense policy generally, ongoing military operations, the organization and reform of the Department of Defense” and other military-focused responsibilities....

This article originally appeared in OpenSecrets. Sign up for their weekly newsletter to receive stories like this one in your inbox.

In the first half of 2023, defense contractors and other defense sector players spent nearly $70 million lobbying the federal government. Much of this lobbying concerned the 2024 National Defense Authorization Act, an annual appropriations bill funding the Pentagon and military operations. Lobbyists are legally required to report third quarter spending on Oct. 20.

The NDAA allocates a total of $876.8 billion, with $844.3 billion dedicated to the Department of Defense budget and $32.4 billion to the Department of Energy for national security programs....

Another member of a congressional armed services committee has personally invested in the stock of a major U.S. defense contractor that received more than $1.7 billion in government contracts — just last month.

Sen. Markwayne Mullin (R-OK) purchased between $15,001 and $50,000 in stock in Raytheon on Sept. 13, according to new congressional personal financial disclosure filings. Raytheon was awarded more than $1.7 billion in contracts in September, according to a Raw Story analysis of contract announcements from the Department of Defense.

Mullin serves on the U.S. Senate Committee on Armed Services, which has jurisdiction over areas such as “aeronautical and space activities peculiar to or primarily associated with the development of weapons systems or military operations; common defense; Department of Defense, the Department of the Army, the Department of the Navy, and the Department of the Air Force,” according to its website....

Rep. Bill Keating (D-MA) is the latest member of a congressional armed services committee to personally invest in one of the nation’s top defense contractors while also overseeing the nation’s military affairs.

Keating disclosed purchasing between $15,001 and $50,000 worth of Boeing Co. corporate notes, according to a U.S. House financial document filed Sept. 28 and reviewed by Raw Story.

Keating is a member of the House Armed Services Committee which, in the U.S. House, “retains exclusive jurisdiction for defense policy generally, ongoing military operations, the organization and reform of the Department of Defense” and other military-focused responsibilities. ...

Larry Correia, who is an alleged New York Times bestselling author (apparently, he made #27 in mass market paperbacks once, which I can't knock...well, actually, I can), is PISSED about taxes.