Making a Killing: Corporate Arms Makers and Ukraine with William Hartung

In December, the Pentagon got a $768 billion budget approved, despite the withdrawal from Afghanistan, with the aim to counter China and build Ukraine’s military strength. This has been a bonanza for arms makers like Raytheon, General Dynamics, Lockheed Martin and Northrup Gruman.

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Raytheon CEO Greg Hayes popped the champagne open when saying “…[W]e are seeing, I would say, opportunities for international sales. We just have to look to last week where we saw the drone attack in the UAE, which have attacked some of their other facilities. And of course, the tensions in Eastern Europe, the tensions in the South China Sea, all of those things are putting pressure on some of the defense spending over there. So I fully expect we’re going to see some benefit from it.”

After Russia’s invasion of Ukraine, we saw a spike in these companies’ stock prices.

In our latest episode, we talk about arms manufacturers with William Hartung of the Quincy Institute. We discuss how the war in Ukraine, potential conflict in the South China Sea and wars in Yemen and other parts of the world are critical to their business model. We also talk about how the bureaucracy of the Pentagon and Washington D.C. gives these companies so much influence.

Andrew Bacevich on the Military and Trump, the current crisis, and what to expect from Biden’s foreign policy

In  this episode, Bob interviews Professor Andrew Bacevich (@AndrewBacevich) about the extraordinary involvement in electoral  politics by Trump and the military, the military public repudiation of  the president, racial and hate group problems in the armed forces,  civil-military relations, the appoint of General Lloyd Austin as Defense  Secretary, what to expect from Biden’s foreign policy team–essentially  putting the Obama band back together–the nuclear deal with Iran, the  insane attacks on Cuba, and a new Cold War between the U.S. and China.

Listen in: https://bit.ly/MilitaryTrumpGandR

Andrew Bacevich is an emeritus  professor at Boston University and President of the Quincy Institute for  Responsible Statecraft.  He’s also the author of several books on U.S.  foreign policy and one of the foremost critics of America’s war and  interventionism for decades now.  He is also a retired colonel in the  U.S. Army, armored cavalry.  And he’s a frequent columnist in The  Nation, as well as many other publications.