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IPFS News Link • Welfare: Corporate

Pentagon Seeks Billions for Arms Companies in Coronavirus Funds

• https://news.antiwar.com, Jason Ditz

With debate picking up for the US to pass another major emergency stimulus package for coronavirus, the Pentagon is lining up this time with the expectation that they will be included. The money would be going to well-connected US arms makers, already some of the world's most heavily subsidized companies as it is.

Undersecretary of Defense Ellen Lord says the pandemic is effecting ship-building, aviation, and space-launch companies, and that the Pentagon is going for a major pay-day for these groups, adding "we're talking billions and billions on that one."

Talk of small space launch firms having to shut doors because of the pandemic wrongly gives the impression that we are not talking talking about the same handful of huge companies constantly lining up for large amounts of subsidy.


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