defense

Lawmakers target private equity’s growing chokehold on arms industry

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Lawmakers target private equity’s growing chokehold on arms industry

Yesterday, Democratic lawmakers introduced legislation that would scrutinize private equity’s growing influence over the defense industry. “For too long we’ve let private equity treat the defense industrial base like a profit center, buying up critical contractors with little scrutiny over who’s really in control,” Rep. Ro Khanna (D-Calif.) said of the Critical Defense Ownership Review … Read more

DoD not allowed to fix most of its own stuff. Guess who’s cashing in?

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DoD not allowed to fix most of its own stuff. Guess who’s cashing in?

Because defense contracts often prevent the military from repairing its own equipment, critics say weapons companies are price-gouging the Pentagon at every turn. As experts and observers tell RS, the military’s lack of a “right to repair” doesn’t just allow defense contractors to charge thousands of dollars, for fixes that could be done for free … Read more