Quotes by William Hartung
corporate welfare for the arms industry
Submitted by antarchi on February 12, 2011 - 23:58Amy Goodman: ...when we say tens of billions of dollars has been given to the regime, one of the highest recipients of foreign aid in the world, behind Israel, actually that money doesn’t necessarily go to Egypt, right? It goes to U.S. military contractors.
WILLIAM HARTUNG: It’s a form of corporate welfare for companies like Lockheed Martin and General Dynamics, because it goes to Egypt, then it comes back for F-16 aircraft, for M1 tanks, for aircraft engines, for all kinds of missiles, for guns, for tear gas canisters, as was discussed, a company called Combined Systems International, which actually has its name on the side of the canisters that have been found on the streets there. So these companies—for example, Lockheed Martin has been the leader in deals worth $3.8 billion over that period of the last 10 years; General Dynamics, $2.5 billion for tanks; Boeing, $1.7 billion for missiles, for helicopters; Raytheon for all manner of missiles for the armed forces. So, basically, this is a key element in propping up the regime, but a lot of the money, as you said and Juan Cole mentioned on this program, is basically recycled. Taxpayers could just as easily be giving it directly to Lockheed Martin or General Dynamics.

