80% of military contracts go to foreign companies. Way to go *.

[FloridaPat]

Nice to know we're supporting so many other people overseas. Jobs. Military contracts. Wonder if the gov't will ever care about us?

This was on This Week.

[blondeatlast]

1. Yep, let's sell America to the lowest bidder. Gotta love that.

:sarcasm:

[SujiwanKenobee]

2. Are they companies represented by the coalition of the willing? n/t

[FloridaPat]

3. Actually they're companies like Halliburton, Carlyle Group, etc.

Although I understand they're getting bullets from Asia now.

[haele]

4. Many of those contracts are for American companies that were

bought out by foreign investors (I know of a couple companies like that - originally small US companies now owned by British, Canadian or French based investment groups) as an American subsidiary or LLC rather than directly owned by those foreign companies.
The upper management, office/contracts people, and workers are still American and hired/paid under DoD requirements. It's just a revenue pipeline for these foreign investors, skimming anywhere 5 - 10% off the total profit off of the contracts from the American offices for their "investment".

It's still legal - and technically not "NOFORN" under current rules. Is it fair? No.

Haele

[Historic NY]

5. One day we will be defenseless since we will no longer produce....

the means, materials, & armaments to defend ourselves. We have gone from the arsenal of defense to an arsenal of contract bid buyers.