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In reply to the discussion: $67,000,000,000 pissed down a rat hole [View all]A HERETIC I AM
(24,840 posts)64. Smileyrose is wrong, and so are you.
Go to http://www.lockheedmartin.com/us.html
Click on "Investors" at the top.
Look for the "2011 Annual Report"
Open the .pdf
Scroll down to page 3, Item 1 "Business"
We are a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. We also provide a broad range of management, engineering, technical, scientific, logistic, and information services. We serve both domestic and international customers with products and services that have defense, civil, and commercial applications, with our principal customers being agencies of the U.S. Government. In 2011, 82% of our $46.5 billion in net sales were from the U.S. Government, either as a prime contractor or as a subcontractor (including 61% from the Department of Defense (DoD)), 17% were from international customers (including foreign military sales (FMS) funded, in whole or in part, by the U.S. Government), and 1% were from U.S. commercial and other customers. Our main areas of focus are in defense, space, intelligence, homeland security, and information technology, including cyber security.
Please don't try and blow smoke up my kilt.
OK?
That company, just like General Dynamics and dozens of others, gather the OVERWHELMING MAJORITY of their revenue from the department of defense or similar foreign institutions which means they get almost ALL of their money from tax dollars.
Either American tax dollars or those of other countries.
Just for fun, I suggest you also open the "2012 Proxy Statement" and look at the page for "Executive Compensation".
Have a look at what the CEO of that company makes per year. Then look at the pages that reference shares of company stock held by executives.
When you have done that, just remember that ALL of that wealth comes directly from the largess of the American taxpayer.
And some people have the balls to complain about people on welfare. (not that you did)
BTW, it took me all of 45 seconds to find that blocked quote from LM's own website.
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I'm not dissing the people that have these jobs, they need them like everyone needs jobs but
xtraxritical
Jan 2013
#49
The American Jobs Act has been languishing in Boehner's Congress for almost two years.
xtraxritical
Jan 2013
#34
My little brother just got laid off from a gov. contract as a rocket scientist
Tunkamerica
Jan 2013
#17
A 50% cut for Big War returns us to PRE-Bush levels and save every social program....
grahamhgreen
Jan 2013
#28
These companies are NOT beyond resorting to drastic measures to protect their bottom line...
Spitfire of ATJ
Jan 2013
#35
Consider how many people make a decent salary based on nothing more than stealing the product of
Egalitarian Thug
Jan 2013
#39
and they aren't even telling us the whole truth because the Pentagon(& Homeland Sec) is not audited
Fight2Win
Jan 2013
#41
KBR along with any company which has moved off shore with their companies to avoid taxes
Thinkingabout
Feb 2013
#78
A corporatist government will make sure every $ billion pissed down the MIC rat hole
indepat
Jan 2013
#48
They' huge in air traffic control, sattelites for meterological work and space
maggiesfarmer
Jan 2013
#60
LH definately doesn't make consumer products, but I believe you could purchase an air traffic
maggiesfarmer
Jan 2013
#61
Good digging. As noted, I got the $67bn figure from the OP. curious at this point where he got that
maggiesfarmer
Feb 2013
#69
I'm in huge favor of more transparency into both the bidding (or lack) process and expenditure
maggiesfarmer
Jan 2013
#65