"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by themilitary-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes."
War is Big Business
War is very big business. People know that private companies are doing much more in war. In January 2010, the Congressional Research Service reported that there are at least 55,000 private armed security contractors in Iraq and Afghanistan, and maybe many more - as many as 70,000 in Afghanistan alone.
But much bigger money is available to defense contractors. In 2008 alone, the top ten defense contractors received nearly $150 billion in federal contracts. These corporations spent millions to lobby for billions more in federal funds and hired ex-military leaders and ex-officials to help them profit off war.
For example, look at the top three defense contractors, Lockheed Martin, Boeing and Northrop Grumman. They demonstrate why perpetual war is profitable and part of the reason it continues.
Lockheed Martin
Lockheed Martin is the largest military contractor in the world with 140,000 employees, taking in over $40 billion annually, over $35 billion of which comes from the US government. Lockheed Martin boasts that they have increased their dividend payments by more than 10 percent for the seventh consecutive year perfectly in line with the increase in war spending by the US. Its chairman, Robert Stevens, received over $72 million in compensation over the past three years.
Lockheed's board of directors includes a former Under Secretary of Defense, a former US Air Force Commander of the U.S. Strategic Command, a former Deputy Director of Homeland Security, and a former Supreme Allied Commander of Europe. These board members receive over $200,000 a year in compensation. Its political action committee gave over a million dollars a year to federal candidates in 2009, and is consistently one of the top spending PACs in the US. They appeal to all members of Congress because they strategically have operations in all fifty states. And, since 1998, Lockheed has spent over $125 million to lobby Congress.
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