Pentagon supplied $2.4tn to personal arms companies to ‘fund warfare and weapons’, report finds | US navy

A brand new examine of protection division spending previewed solely to the Guardian reveals that a lot of the Pentagon’s discretionary spending from 2020 to 2024 has gone to exterior navy contractors, offering a $2.4tn boon in public funds to personal companies in what was described as a “persevering with and big switch of wealth from taxpayers to fund warfare and weapons manufacturing”.

The report from the Quincy Institute for Responsible Statecraft and Costs of War undertaking at Brown College mentioned that the Trump administration’s new Pentagon funds will push annual US navy spending previous the $1tn mark.