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Military-Industrial Complex Pockets Tens Of Billions From Trump’s Saudi Weapons Deal

Trump’s America first policies are really paying off, at least if you are a multinational corporation in league with the military-industrial complex. Two of America’s most influential and well-connected defense contractors, Lockheed Martin and Boeing, stand to make tens of billions a piece from Trump’s recent weapons deal with Saudi Arabia. At a conference in New York last week, Lockheed Martin CEO Marillyn Hewson boasted that her company will likely receive up to $28 billion in new business from Trump’s record $110 billion dollar weapons deal with the Saudis. Dennis Muilenburg, CEO of Boeing, one-upped his counterpart by estimating his company will profit to the tune of more than $50 billion from the agreement. According to a 24/7 Wall Street report, these estimates span throughout the course of many decades so revenue for the company is not expected to jump immediately. Nevertheless, the military-industrial complex will be well-lubricated and these defense contractors will grow more powerful over time as a direct result of Trump’s policies. Keep Reading

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The Military-Industrial Complex Cashes Out On Trump’s Saudi Weapons Deal

The big winners of the recent weapons deal that President Donald Trump brokered with Saudi Arabia appear to be the corporations serving the military-industrial complex. After the deal was announced, US defense contractors saw their stocks soar to record highs on Wall Street. Lockheed Martin was influential in setting up the deal with Trump’s son-in-law Jared Kushner lobbying their CEO directly. They stand to profit the most from the agreement. According to Yahoo News, Lockheed will provide missile and air defense, combat ships, tactical aircraft, and rotary wing technologies and programs to the tune of $28 billion. “We are proud to be part of this historic announcement that will strengthen the relationship between the United States and the Kingdom of Saudi Arabia,” Lockheed Martin Chairman and CEO Marillyn Hewson said. Keep Reading

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Freedom Caucus’ Scott Garrett To Head Up Export-Import Bank

President Trump announced on Friday that he will nominate former Rep. Scott Garrett (R-NJ) as President and Chairman of the Export-Import Bank. The Ex-Im Bank subsidizes the financing of U.S. exports, and has been criticized by free market organizations for benefiting special interests such as Boeing and General Electric. During his time in Congress, Garrett was well respected as a fiscal conservative, boasting a 95% lifetime score from the Club for Growth, despite serving in a fairly moderate district in the New York City metropolitan area. He was a member of the Freedom Caucus and the Liberty Caucus, as well as a long-time associate of Rep. Ron Paul (R-TX). Garrett ultimately lost his seat during the 2016 election, but was later said to have been considered for a position within the Federal Housing Finance Agency. Keep Reading

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