Anduril Industries announced its YFQ-44 ‘Fury’ autonomous fighter jet prototype successfully completed its first live flight test, achieving the milestone in just 556 days from clean-sheet design to flight—less than two years. The Fury is Anduril’s entry for the Air Force’s …
On October 16, 2024, defense contractor RTX (formerly Raytheon) agreed to pay over $950 million to resolve Justice Department investigations into fraudulent billing schemes, foreign bribery, and export control violations spanning more than a decade. The settlement addressed three major criminal …
Representative Ken Calvert, chairman of the House defense appropriations subcommittee, disclosed that General Dynamics’ Virginia-class submarine program faced a projected $17 billion cost overrun through 2030, increasing the program’s total cost from $184 billion and delaying submarine …
Anduril Industries selected Columbus, Ohio for Arsenal-1, its first ‘hyperscale manufacturing facility’ designed to produce tens of thousands of autonomous weapons systems annually. The company announced nearly $1 billion in investment to build the 5-million-square-foot facility in …
Northrop Grumman spent $10.86 million on federal lobbying in 2023, employing 36 lobbyists of whom 29—a staggering 80.6 percent—had previously worked in government positions, exemplifying the revolving door between the Pentagon, Congress, and defense contractors that enables systematic corruption of …
Senator Elizabeth Warren released a comprehensive report analyzing the defense contractor revolving door, identifying 672 cases where the top 20 defense contractors employed former government officials, military officers, members of Congress, and senior legislative staff. The analysis found that 91% …
In November 2021, the senior leadership of In-Q-Tel—CEO Christopher Darby, President Stephen Bowsher, and technology investor Michael Rolnick—filed for an initial public offering for Chain Bridge I, a special purpose acquisition company (SPAC) seeking to raise $200 million. The blank check company …
President Joe Biden nominated Frank Kendall for Air Force Secretary in May 2021 despite Kendall having received $702,319 in consulting fees from Northrop Grumman as part of a $300,000 per year consulting contract after serving as Under Secretary of Defense for Acquisition, Technology and Logistics …
On January 28, 2021, during a quarterly earnings call just days after Joe Biden’s inauguration, Raytheon CEO Greg Hayes told investors that “peace is not going to break out in the Middle East anytime soon,” framing ongoing regional conflicts and violence as positive factors for …
The Department of the Air Force awarded Northrop Grumman a $13.3 billion contract on September 8, 2020, to develop the Ground Based Strategic Deterrent intercontinental ballistic missile system, initiating the engineering and manufacturing development phase of a program estimated to cost between …
On April 3, 2020, Raytheon Company and United Technologies Corporation (UTC) completed a $135 billion merger creating Raytheon Technologies, the world’s second-largest aerospace and defense company behind only Boeing. The merger combined Raytheon’s weapons systems—including the Patriot …
On January 30, 2020, Raytheon reported better-than-expected quarterly profits driven by surging international weapons demand, with company executives explicitly citing US-Iran tensions as a growth driver. The earnings announcement came just weeks after the January 3, 2020 US drone strike killing …
On September 14, 2019, swarms of drones and cruise missiles evaded six battalions of Raytheon-manufactured Patriot missile defense systems to strike Saudi Arabia’s Abqaiq and Khurais oil facilities, temporarily disrupting 5.7 million barrels of daily oil production—approximately 5% of global …
On July 23, 2019, the Senate voted 90-8 to confirm Mark Esper as Secretary of Defense, installing a former Raytheon weapons lobbyist as head of the Pentagon with authority over approximately $700 billion in annual defense spending including contracts worth tens of billions to his former employer. …
Northrop Grumman Systems Corporation agreed to pay $5.2 million to resolve False Claims Act allegations that it fraudulently billed the United States Postal Service for personnel who lacked the required education and experience qualifications specified in their contract labor categories. The …
Northrop Grumman Systems Corporation agreed to pay $31.65 million to settle civil and criminal charges for systematically defrauding the U.S. Air Force by overbilling labor hours on battlefield communications contracts between January 2011 and October 2013. The settlement included $27.45 million for …
On October 11, 2018, just nine days after Saudi agents murdered journalist Jamal Khashoggi in the Saudi consulate in Istanbul, President Trump declared on CBS’s “60 Minutes” that he would not cancel arms sales to Saudi Arabia despite the killing and mounting evidence of Saudi war …
Northrop Grumman completed its $9.2 billion acquisition of Orbital ATK on June 6, 2018, gaining control of the premier supplier of solid rocket motors essential for missile systems and creating anticompetitive market dominance that the Federal Trade Commission warned would “reduce competition …
On April 22, 2018, a Saudi-led coalition airstrike struck a wedding celebration in northern Yemen, killing 23 people including the bride and predominately women and children. The weapon used was identified as a GBU-12 Paveway II precision-guided bomb, manufactured jointly by Lockheed Martin and …
On July 21, 2017, the Senate confirmed Mark Esper as Secretary of the Army, installing a former Raytheon weapons lobbyist in a senior Pentagon position overseeing billions of dollars in defense contracts. Esper had served as Raytheon’s vice president of government relations from July 2010 …
Anduril Industries was incorporated on June 16, 2017, by Palmer Luckey (Oculus VR founder), Trae Stephens (Founders Fund partner and former Palantir executive), Matt Grimm, Joe Chen, and Brian Schimpf (CEO). The company was seeded by Peter Thiel’s Founders Fund and pitched low-cost border …
Retired General Mark Welsh joined Northrop Grumman’s board of directors just five months after retiring as Air Force Chief of Staff and barely one year after the company won the $21.4 billion initial contract to build the B-21 Raider next-generation stealth bomber, exemplifying the revolving …
Before dawn on September 10, 2016, Saudi-led coalition aircraft conducted repeated airstrikes on a water drilling site in Arhab, Sanaa governorate, Yemen, killing at least 31 civilians and wounding 42 others in what Human Rights Watch characterized as an apparent war crime. The first strike hit near …
The U.S. Defense Department awarded Northrop Grumman a development contract for the B-21 Raider Long Range Strike Bomber on October 27, 2015, with an initial value of $21.4 billion that could eventually reach $80 billion over the program’s lifetime, representing one of the largest defense …
Northrop Grumman Corporation paid the United States $11.4 million to settle government claims that it violated a 2002 settlement agreement with the Defense Contract Management Agency by improperly charging federal contracts for deferred compensation awards to key executives, demonstrating how …
Congress included $120 million for Abrams tank upgrades in the FY2015 National Defense Authorization Act, marking the third consecutive year lawmakers overrode Army leadership requests to suspend tank production—the first such production halt proposed since World War II. Representative Mike Turner …
General James Mattis joined the General Dynamics board of directors in August 2013, just five months after retiring from the Marine Corps in March 2013 as commander of U.S. Central Command. Mattis would earn over $900,000 in total compensation during his 2013-2017 board tenure, including $594,369 in …
Northrop Grumman’s RQ-4 Global Hawk surveillance drone program experienced massive cost escalation, with per-unit costs exploding from an initial $60.9 million in 2001 to $222.7 million per aircraft (including development costs) by 2013—a nearly four-fold increase that forced the Air Force to …
Congress approved $255 million to upgrade M1 Abrams tanks through 2014 despite explicit Army testimony that it had ceased ordering tanks and wanted to save billions by halting production to develop next-generation armor. The appropriation represented a direct override of military leadership by both …
The Northrop Grumman B-2 Spirit stealth bomber’s operating costs reached approximately $150,000 per flight hour according to U.S. Department of Defense estimates, making it the most expensive military aircraft to operate in history and generating massive ongoing revenue for Northrop Grumman …
Northrop Grumman Corporation and its predecessor TRW Inc. agreed to pay $325 million to settle False Claims Act allegations that they provided and billed the National Reconnaissance Office for defective microelectronic parts used in classified spy satellites over a decade-long period from 1992 to …
General Dynamics Armament and Technical Products agreed to pay $4,058,750 to settle federal fraud charges that it defectively manufactured or failed to properly test components for Navy aircraft and submarines, then fraudulently billed the government despite knowing the equipment did not meet …
Rep. Randy “Duke” Cunningham (R-CA) pleaded guilty in federal court in San Diego to conspiracy to commit bribery, mail fraud, wire fraud, and tax evasion. The decorated Vietnam War fighter ace admitted to accepting at least $2.4 million in bribes from defense contractors in exchange for …
President George W. Bush appointed James G. Roche as Secretary of the Air Force in 2001 despite—or perhaps because of—Roche’s 17-year career as a top executive at Northrop Grumman, one of the Air Force’s largest contractors, exemplifying the revolving door that enables defense industry …
The Federal Trade Commission approved Boeing’s $13.3 billion acquisition of McDonnell Douglas, completing a merger wave that reduced major U.S. defense contractors from 51 firms in the late 1980s to just five dominant primes by the late 1990s. The consolidation wave was actively encouraged by …
The National Association of Manufacturers (NAM) board selects Werner P. Gullander as the organization’s first full-time permanent president by 1962, following a late 1950s organizational restructuring where declining membership resulted in a takeover by larger corporations that purged …
In his nationally televised farewell address from the Oval Office, President Dwight D. Eisenhower issued one of the most prescient warnings in American political history about the dangers of the military-industrial complex. The five-star general and Republican president who had led Allied forces in …
The House Armed Services Special Investigations Subcommittee, led by Rep. F. Edward Hebert (D-La.), released a shocking report documenting the extent of the defense industry revolving door. After questioning 75 witnesses over 25 days in mid-1959, the subcommittee found that more than 1,400 retired …