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Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
The engine was destroyed after a weapon called an 'ATHENA', short for Advanced Test High Energy Asset, was fired at ... a truck from one mile away. This 30 kilowatt fibre-optic laser was manufactured by US defence company Lockheed Martin. They say it's the first time a ground-based system like theirs, combining multiple laser streams into one beam, has ever been successfully tested. Increasingly it looks like lasers will take centre stage on the battlefields of the future. Last year the US navy installed its first laser weapon system, called LaWs, on warship USS Ponce. Looking like a cross between a telescope and a cannon, it tracks a moving target before firing a high-intensity light beam strong enough to burn a hole through steel. You can't see the laser because it is on the infrared spectrum, but it is a versatile and cheap weapon. Each pulse of energy from the laser "costs under a dollar". It is also apparently easy to use. Rear Admiral Matthew Klunder told a press conference in December: "Any of you that can do Xbox or PS4, you'll be good with this." During testing this laser brought down a drone and took out a small boat. Footage of the test shows the speedboat bursting into flames. Laser weapons are currently banned for use against humans, according to the Geneva Convention, a series of rules which govern warfare.
Note: For more on the unbelievable weapons of destruction now available, see this article. Then explore the excellent, reliable resources provided in our War Information Center.
Dean Baquet, the executive editor of the New York Times, believes his newspaper – in company with the US mainstream media – failed their audiences after 9/11. He told the German news magazine Der Spiegel that he agreed with the criticism originally made by an NYT reporter, James Risen, Baquet said: “The mainstream press was not aggressive enough after 9/11, was not aggressive enough in asking questions about a decision to go to war in Iraq, was not aggressive enough in asking the hard questions about the war on terror. I accept that for the Los Angeles Times and the New York Times”. Baquet, in charge of the NYT since May 2014, was previously editor-in-chief of the LA Times. In his wide-ranging interview with Der Spiegel, Baquet also spoke about the NSA whistleblower Edward Snowden having chosen to tell his story to the Guardian. He said he regards the Guardian as “a new competitor [for the NYT] in the digital age.” He said: “Does it make me nervous that they compete with us and in fact beat us on the Snowden story? Yes. "It hurt a lot. It meant two things. Morally, it meant that somebody with a big story to tell didn’t think we were the place to go, and that’s painful. And then it also meant that we got beaten on what was arguably the biggest national security story in many, many years.
Note: When asked about the New York Times' refusal to report on military drone base locations in the interview referenced above, Baquet recalls, "A high-ranking CIA official called me up and made the case to leave out where the drone base was. It was Saudi Arabia. I accepted it. And I was wrong." For more along these lines, see these concise summaries of deeply revealing articles about mass media manipulation.
The [recent] holiday headlines blared: “End of War” and “Mission Ends” and “U.S. formally ends the war in Afghanistan." Great news! Except: “the fighting is as intense as it has ever been since the U.S.-led invasion in 2001,” according to the Wall Street Journal. And about 10,000 troops will remain there for the foreseeable future. They’ll continue to engage in combat regularly. This is the new reality of war: As long as the White House doesn’t admit the United States is at war, we’re all supposed to pretend as if that’s true. This ruse is not just the work of the president. Members of Congress [are also] letting the public think we’re Definitely Not at War. Another place the United States is Definitely Not at War? Pakistan, where, according to the Bureau of Investigative Journalism, the US conducted multiple drone strikes between Christmas and New Year’s Eve, killing at least nine people. Another six “militants” were reportedly killed in a drone strike in Pakistan on Sunday. There was yet another American drone strike in Somalia on 30 December. Meanwhile, the Defense Department quietly announced ... that, later this month, another 1,300 troops will deploy to Iraq in its ever-expanding undeclared war on Isis. The US continues to launch airstrikes against Isis and various other groups in Syria as well. Legal experts across the political spectrum believe this war is without precedent.
Note: Although 21st Century military combat operations may no longer be called war, war has been called a racket since the era of General Smedley Butler, one of the most highly decorated US generals ever. Read General Butler's eye-opening essay "War is a Racket." For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
“There was never going to be a perfect time to release this report,” President Barack Obama said earlier this month after the Senate Intelligence Committee unleashed its long-awaited “torture report.” But in the wake of this rare moment of transparency, the administration took the next step in keeping additional evidence of prisoner abuse concealed. The government is withholding nearly 2,100 images that show the military’s brutal treatment of detainees at various prisons in Iraq and Afghanistan. While the previously disclosed pictures from Abu Ghraib are the stuff of nightmares – piles of naked bodies, detainees being led on leashes and U.S. soldiers giving a thumbs-up as it all happens – these photographs are said to be even more disturbing. The American Civil Liberties Union (ACLU) originally sued for the images’ release in 2004. Obama ... blocked the release, [and now] contends that the photographs could further encourage attacks against the U.S. personnel still in Afghanistan and Iraq and could be used by the recently galvanized Islamic State—the terrorist group commonly known as ISIS. Alex Abdo, an ACLU staff attorney working on the case since 2005, said ... that the government is essentially arguing that [the images must remain] secret because they powerfully document abuse. “If there’s anything the debate over torture is missing, it’s the sort of evidence that photographs give you—irrefutable evidence of the brutality of the mistreatment,” Abdo said.
Note: U.S. District Judge Alvin Hellerstein will review the next round of justifications for keeping this material classified on January 20. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
The combined cost of the “war on terror” comes to an estimated $1.6 trillion. A lot of former senior government officials who played important roles in this debacle have done quite well for themselves. [Former CIA director George Tenet] missed multiple signs of a major Al Qaeda attack directed against the United States [prior to 9/11] and approved the Bush administration’s torturing of terror suspects. He got the Presidential Medal of Freedom. He [also] received a $4 million advance to write a memoir. Tenet has received millions more in his current role as ... a board director and advisor to intelligence and military contractors. Louis Freeh, Tenet’s counterpart at the FBI during the run-up to 9/11 [also mishandled] “significant and urgent” intelligence of “serious operational planning” for terrorism attacks by Islamic radicals. Freeh resigned from the FBI two months before 9/11. In 2008, [a businessman named Nasser Kazeminy] was accused of bribing former Senator Norm Coleman, [and] hired Freeh to conduct a “thorough investigation” of the allegations against him in the hopes of clearing his name. In 2011, Freeh issued a public statement saying that his investigation had “completely vindicated” both Kazeminy and Coleman. Freeh also met with the Justice Department – which was investigating the bribery charges but declined to bring a case — on Kazeminy’s behalf. [Today, Freeh has a $3 million] Palm Beach penthouse. Freeh’s wife co-owns it with Kazeminy. The quit claim deed giving Freeh’s wife one-half ownership of the penthouse was signed nine days after Freeh’s vindication of Kazeminy.
Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in intelligence agencies and government.
Drone strikes and "targeted killings" of terror targets by the United States can be counterproductive and bolster the support of extremist groups, the CIA has admitted in a secret report released by WikiLeaks. The document, by the intelligence agency's Directorate of Intelligence, said that despite the effectiveness of "high value targeting" (HVT), air strikes and special forces operations had a negative impact by boosting the popular support of terror organisations. The CIA report is dated 2009 and talks of operations conducted in countries such as Iraq, Pakistan, Somalia, Afghanistan and Yemen. Operations against terror targets "may increase support for the insurgents, particularly if these strikes enhance insurgent leaders' lore, if non-combatants are killed in the attacks, if legitimate or semi-legitimate politicians aligned with the insurgents are targeted, or if the government is already seen as overly repressive or violent," the report said. "Senior Taliban leaders' use of sanctuary in Pakistan has also complicated the HVT effort," it reveals. "Moreover, the Taliban has a high overall ability to replace lost leaders ... especially at the middle levels." It speaks of drone strikes also having limited effect in Iraq. According to the Bureau of Investigative Journalism, US drone strikes have killed between 2,400 and 3,888 people in Pakistan in the years 2004 to 2014 and between 371 and 541 people in Yemen in the years 2002 to 2014.
Note: This report proves that the CIA has been aware that drone strikes are ineffective since at least 2009. If drones help terrorists, almost always miss their intended targets, and may be used to target people in the US in the future, what are the real reasons for the US government's drone program?
The US Navy has announced that a new laser weapon it tested earlier this year was a success. A video of the laser weapon system (Laws), released by the Office of Naval Research, shows the laser being deployed aboard USS Ponce in September in the Persian Gulf. It shows the weapon being used against two test targets, including a speedboat which bursts into flames. Other targets were located at sea and in the air, including unmanned aerial vehicles (UAVs), or drones. Rear Adm. Matthew L. Klunder, chief of naval research, said in a statement on Wednesday that the “powerful” Laws system will “play a vital role in the future of naval combat operations”. The prototype weapon in the video cost $40 million to produce, dealt with a “tough” pace, adverse weather conditions including a sandstorm, and destroyed targets” with “near-instantaneous lethality.” Officials claim the weapon is capable of destroying its targets with pin-point accuracy. The captain of the USS Ponce could use it against a real threat if required. Operated using a video game controller, the system hit targets mounted aboard small boats speeding towards the ship. In a separate test, the laser targeted and shot a drone out of the sky.
Note: For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our War Information Center.
Lockheed Martin, the Pentagon's No. 1 weapons supplier, has rarely felt the need to blow its horn about its secrecy-shrouded crown jewel. "Skunk Works," Lockheed's business for developing weapons outside the company's main chain of command, is starting to lift the veil in a sign of fierce pressure to win new orders and protect its brand. Skunk Works has been celebrated since it developed the first jet fighter in 143 days during World War Two to battle the Nazis. But its logo was kept off buildings and employees were barred from saying where they worked. Now, the company has published a glossy brochure with a 10-point "Skunk Works 2015" agenda focused on keeping costs down, working closely with government, and building prototypes. Its officials are meeting in small groups with all 3,300 employees, or "Skunks" as they are known, to underscore the importance of staying competitive. In one building, Lockheed is using the world's largest gantry machine and 3-D printing to build aircraft. Across campus, Lockheed has a giant airship ... and a compact nuclear fusion reactor that could revolutionize power generation. Skunk Works has survived over the years because it is not only an advanced research arm, but also makes money by managing a few signature programs, including the F-22 stealth fighter and other classified programs, general manager Rob Weiss told Reuters. He gave no numbers.
Note: According to this New York Times article, Lockheed Martin runs a "breathtakingly big part" of the US. This company also paid $4.7 million in 2015 to settle charges it lobbied for federal contracts with federal money. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.
In the largest opium harvest in Afghanistan's history; with a record 224,000 hectares under cultivation this year, the country produced an estimated 6,400 tons of opium, or around 90 percent of the world's supply. In Afghanistan today, according to U.N. estimates, the opium industry accounts for 15 percent of the economy. The Afghan narcotics trade has gotten undeniably worse since the U.S.-led invasion: The country produces twice as much opium as it did in 2000. In the provincial capital of Lashkar Gah, I arrange an interview with a drug smuggler. I'll call him Sami. He grew up in a camp near the border town of Chagai, in Pakistan. After finishing 11th grade, he got work as a driver and began ... smuggling opium through the desert. Baramcha, a smuggling hub on the Afghan side of the border ... functions as a kind of switching station for much of the opium trade. "The security situation is good ... the drug smugglers and the ISI are tight together," he says, referring to Pakistan's intelligence service. The United States' alliances with opium traffickers in Afghanistan go back to the 1980s, when the CIA waged a dirty war to undermine the Soviet occupation of the country. Large-scale cultivation was introduced [with] support from the ISI and the CIA. U.S. counternarcotics programs, which have cost nearly $8 billion to date, and the Afghan state-building project in general, are perversely part of ... the drug trade.
Note: Read the complete article above for an in depth look at the Afghan narcotics trade. For more, read this 2002 news article, which shows that the Taliban had nearly eliminated opium production in Afghanistan prior to the US led invasion. Yet once the allies defeated the Taliban, opium production hit new records. Today, Afghanistan produces 90% of the global opium supply. This huge source of income is used to fund all kinds of secret projects. Read powerful evidence that the CIA and US military are directly involved in the drug trade.
The U.S. Army has been slow to investigate hundreds of millions of dollars in missing weapons systems, vehicles, electronics and communications gear in Afghanistan, according to the Pentagon’s inspector general. The Army field support brigade in Afghanistan responsible for managing gear being shipped out of the country failed to report “in a timely manner” 15,600 pieces of unaccounted gear valued at as much as $419.5 million, according to a report labelled “For Official Use Only” that reviewed major lost-property reports from fiscal 2013. Some of the missing gear eventually may turn up as the U.S. completes the bulk of its withdrawal, Army officials said in a response to the inspector general. Yet with the closing of 309 bases since 2010, “only a fraction of the items” from previous reviews of unaccounted property has been recovered, according to the audit dated Oct. 30. “Due to the significant delays in reporting inventory losses” the Army’s Rock Island, Illinois-based Sustainment Command, which oversees the effort, “does not have accurate accountability and visibility of its property," said Michael Roark, assistant inspector general for contract management, who signed the report. “There is a risk that missing property will not be recovered” and “no one was held financially responsible for the property losses or accountable for missing reporting deadlines,” the report found. The audit disclosed ... 133,557 lost items valued at $238.4 million.
Note: Do you really think this equipment was just lost? Would the military just leave expensive and sensitive equipment carelessly? Could it be that it is meant to fall into enemy hands in order to keep the war machine pumping its huge profits into the pockets of certain elite groups? For more along these lines, see these concise summaries of deeply revealing war news articles from reliable sources.
A destructive “Trojan Horse” malware program has penetrated the software that runs much of the nation’s critical infrastructure and is poised to cause an economic catastrophe, according to the Department of Homeland Security. National Security sources told ABC News there is evidence that the malware was inserted by hackers believed to be sponsored by the Russian government. The hacked software is used to control ... oil and gas pipelines, power transmission grids, water distribution and filtration systems, wind turbines and even some nuclear plants. The hacking campaign has been ongoing since 2011, but no attempt has been made to activate the malware. DHS sources ... fear that the Russians have torn a page from the old, Cold War playbook, and have placed the malware in key U.S. systems as a threat, and/or as a deterrent to a U.S. cyber-attack on Russian systems. The hack became known to insiders last week when a DHS alert bulletin was issued. The bulletin said the “BlackEnergy” penetration recently had been detected by several companies. DHS said “BlackEnergy” is the same malware that was used ... to target NATO and some energy and telecommunications companies. The hacked software is very advanced. It allows designated workers to control various industrial processes through the computer, an iPad or a smart phone, sources said.
Note: For an example of a computer-based attack on industrial infrastructure, read how a malware called Stuxnet targeted Iranian nuclear facilities. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
War was the leading cause of death in the military nearly every year between 2004 and 2011 until suicides became the top means of dying for troops in 2012 and 2013, according to a bar chart published this week in a monthly Pentagon medical statistical analysis journal. For those last two years, suicide outranked war, cancer, heart disease, homicide, transportation accidents and other causes as the leading killer, accounting for about three in 10 military deaths each of those two years. Transportation accidents, by a small margin, was the leading cause of military deaths in 2008, slightly more than combat. The fighting in Iraq and Afghanistan accounted for anywhere from one out of three deaths in the military — in 2005 and 2010 — to more than 46 percent of deaths in 2007, during the height of the Iraq surge, according to the chart. More than 6,800 troops have died in Iraq and Afghanistan since 9/11 and more than 3,000 additional service members have taken their lives in that same time, according to Pentagon data.
Note: For more along these lines, see concise summaries of deeply revealing articles about corruption in the military and the medical industry.
Here's the beginning of a little post-9/11 list: six incontestable areas where America is #1. Investment in our military and our national security state! No other country comes within a light year of us! In 2011, the defense budgets of the next 13 countries combined didn't quite equal ours and we've been dumping up to a trillion dollars yearly into the national security budget since 9/11. We're #1 in "renditions" ("kidnappings")! Post-9/11, at least 136 "terror suspects" (some certifiably innocent) were taken by the CIA and other American outfits off the streets of global cities. We're #1 in knocking off wedding parties from the air! At least eight of them in three countries! Bridal parties, brides and grooms, hundreds of wedding goers obliterated by American air power! We're #1 in military bases on foreign soil! We have hundreds of them across the planet, some the size of small American towns. We're number #1 in invading, occupying, and/or bombing Muslim countries, 14 of them since 1980! I challenge you, find me another country with such an accomplishment. We're number #1 in investing in militaries that won't "stand up"! At least $25 billion for the Iraqi military alone (and you know how successful we were there, since it recently collapsed, allowing us to rearm it and stand it up again). And that's nothing compared to the Afghan military into which our country had poured $51 billion by 2011 and billions more thereafter.
Note: For more along these lines, see these concise summaries of deeply revealing war news articles from reliable sources.
In 2003, caravans of trucks began to arrive at Andrews Air Force Base outside Washington on a regular basis, unloading an unusual cargo — pallets of shrink-wrapped $100 bills. The cash, withdrawn from Iraqi government accounts held in the United States, was loaded onto Air Force C-17 transport planes bound for Baghdad. Exactly what happened to that money after it arrived? Finding the answer became first the job and then the obsession of Stuart W Bowen Jr. His investigators finally had a breakthrough, discovering that $1.2 billion to $1.6 billion had been stolen and moved to a bunker in rural Lebanon. Bowen kept the discovery and his investigation of the cash-filled bunker ... secret. He has never publicly discussed it until now. “Billions of dollars have been taken out of Iraq over the last ten years illegally,” he said. The money ... came from the Development Fund of Iraq, which was created by a United Nations resolution in May 2003 to hold Iraqi oil revenue. An advantage of using the cash from the Development Fund instead of money appropriated by Congress for Iraq was that there were not a lot of rules governing its use, and no federal regulations or congressional oversight of what happened to it. The CIA expressed little interest in pursuing the matter, and the FBI said it lacked jurisdiction, Bowen recalled. An informant told [Bowen] about the bunker, which in addition to the cash, was believed to also have held approximately $200 million in gold belonging to the Iraqi government.
Note: For more along these lines, see concise summaries of deeply revealing news articles about wartime deceptions and government secrecy from reliable major media sources.
Any doubts about whether Endless War ... is official American doctrine should be permanently erased by this week’s comments from two leading Democrats, both former top national security officials in the Obama administration. Leon Panetta, the long-time Democratic Party operative who served as Obama’s Defense Secretary and CIA Director, said this week of Obama’s new bombing campaign: “I think we’re looking at kind of a 30-year war.” He criticized Obama ... for being insufficiently militaristic. Then we have Hillary Clinton [who] at an event in Ottawa yesterday ... proclaimed that the fight against these “militants” will “be a long-term struggle” that should entail an “information war” as “well as an air war.” The new war, she said, is “essential” and the U.S. shies away from fighting it “at our peril.” Like Panetta (and most establishment Republicans), Clinton made clear ... that virtually all of her disagreements with Obama’s foreign policy were the by-product of her view of Obama as insufficiently hawkish, militaristic and confrontational. “Endless War” is not dramatic rhetorical license but a precise description of America’s foreign policy. It’s not hard to see why. A state of endless war justifies ever-increasing state power and secrecy and a further erosion of rights. It also entails a massive transfer of public wealth to the “homeland security” and weapons industry (which the US media deceptively calls the “defense sector”). The War on Terror ... was designed from the start to be endless. This war ... thus enables an endless supply of power and profit to flow to those political and economic factions that control the government regardless of election outcomes.
Note: Read the prophetic writings of one of the most highly decorated US generals ever describing how he discovered after retirement that war is created by bankers and mega-corporations to funnel ever more tax-payer money into their coffers. For more along these lines, see the excellent, reliable resources provided in our War Information Center.
As the United States charges once more into war, little debate has centered on the actual utility of war. Instead, policymakers and pundits have focused their comments on combating the latest danger to our nation and its interests. In late August, Secretary of Defense Chuck Hagel claimed Islamic State was an “imminent threat to every interest we have” and that the sophisticated group was “beyond anything we've seen.” With few dissenting voices, either in Congress or in the American media, U.S. air forces plunged again into the unstable region of the Middle East. For well over a decade — one might suggest over multiple decades — the United States has been engaged in war, yet so few in the public sphere seem willing to ask, as a Vietnam-era hit song did: “War, what is it good for?” It seems plausible to argue that war is a phenomenon increasingly serving itself rather than any durable political goals. War as a political tool has more and more demonstrated its inability to deliver. As historian Mary Dudziak has artfully suggested, “Military conflict has been ongoing for decades, yet public policy rests on the false assumption that it is an aberration.” If war provides meaning, why, as Dudziak asks, does military engagement no longer require “the support of the American people but instead their inattention”? If a theory of forward defense, of fighting on someone else's shores rather than our own, is the rationale for constant war, when will we achieve a sense of national security that no longer requires constant battle? What if peace never comes? What if war only engenders new enemies and new threats? War ... has not assuaged our fears of vulnerability. It has not left us with a more stable international environment. So we come back to that song's question: “War, what is it good for?” And we have to at least consider the song's answer: “Absolutely nothing.”
Note: Kudos to the LA Times for publishing this article, though it fails to mention that war is very good for lining the pockets of all involved with the huge warm industry. Read the prophetic writings of one of the most highly decorated US generals ever describing how he discovered after retirement that war is created by mega-corporations to funnel ever more tax-payer money into their coffers. For more along these lines, see the excellent, reliable resources provided in our War Information Center.
As the Obama Administration prepared to bomb Syria without congressional or U.N. authorization, it faced two problems. The first was the difficulty of sustaining public support for a new years-long war against ISIS, a group that clearly posed no imminent threat to the “homeland.” A second was the lack of legal justification for launching a new bombing campaign. The solution to both problems was found in the wholesale concoction of a brand new terror threat that was branded “The Khorasan Group.” After spending weeks depicting ISIS as an unprecedented threat — too radical even for Al Qaeda! — administration officials suddenly began spoon-feeding their favorite media organizations ... tales of a secret group that was even scarier and more threatening than ISIS, one that posed a direct and immediate threat to the American Homeland. The unveiling of this new group was performed in a September 13 article by the Associated Press, who cited unnamed U.S. officials. AP depicted the U.S. officials who were feeding them the narrative as engaging in some sort of act of brave, unauthorized truth-telling. On the morning of September 18, CBS News broadcast a segment that is as pure war propaganda as it gets: directly linking the soon-to-arrive U.S. bombing campaign in Syria to the need to protect Americans from being exploded in civilian jets by Khorasan. As usual, anonymity was granted to U.S. officials to make these claims. As usual, there was almost no evidence for any of this. Nonetheless, American media outlets — eager, as always, to justify American wars — spewed all of this with very little skepticism. Worse, they did it by pretending that the U.S. government was trying not to talk about all of this — too secret! — but they, as intrepid, digging journalists, managed to unearth it from their courageous “sources.”
Note: Read the entire informative article to see how the media participates in manipulating unsuspecting citizens into more war. For more on this, see concise summaries of deeply revealing media corruption news articles from reliable major media sources.
Traditionally, you wouldn't gift someone a rat. Tanzania-based NGO Apopo, however, thinks rats make excellent gifts. So much so that they've launched an adopt-a-rat program, which allows participants to sponsor the animal. Despite the creatures' reputation for thieving and spreading disease, [Apopo's founder Bart] Weetjens has proven that rats can ... save lives. Apopo's rats have actually saved thousands. They are highly trained to sniff out land mines and detect tuberculosis - two scourges that have had a tremendously negative impact across the African continent. And his rats are fast. A single rat can clear 200 square feet in an hour (done manually, the same area would take 50 hours to clear). A TB-detection rat can evaluate 50 samples in eight minutes (almost a day's work for a lab technician). In 2006, Weetjens started testing his "hero rats," as he dubs them, on the mine fields in Mozambique, a country that at that time was one of the worst affected by landmines, thanks mainly to a civil war that ended in 1992. Since then, Apopo has cleared the country of 6,693 landmines, 29,934 small arms and ammunition, and 1,087 bombs. Mozambique is on track to be free of landmines by the year's end. In 2005, the World Health Organization (WHO) declared a TB crisis in Africa. It's a problem Weetjens realized he could address with his sniffer rats. So far, they've analyzed over 260,000 samples from health clinics in Dar es Salaam. They are cheap to train, cheaper to procure, and plentiful.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Led by Lockheed Martin Corp. (LMT), the biggest U.S. defense companies are trading at record prices as shareholders reap rewards from escalating military conflicts around the world. Investors see rising sales for makers of missiles, drones and other weapons as the U.S. hits Islamic State fighters in Syria and Iraq, said Jack Ablin, chief investment officer at Chicago-based BMO Private Bank. “As we ramp up our military muscle in the Mideast, there’s a sense that demand for military equipment and weaponry will likely rise,” said Ablin, who oversees $66 billion including Northrop Grumman Corp. (NOC) and Boeing Co. (BA) shares. “To the extent we can shift away from relying on troops and rely more heavily on equipment -- that could present an opportunity.” Bombardments of Islamic State strongholds added to tensions this year that include U.S.-led sanctions on Russia for backing Ukrainian rebels. The U.S. also is the biggest foreign military supplier to Israel, which waged a 50-day offensive against the Hamas Islamic movement in the Gaza Strip. A Bloomberg Intelligence gauge of the four largest Pentagon contractors ... rose 19 percent this year through yesterday, outstripping the 2.2 percent gain for the Standard & Poor’s 500 Industrials Index. Lockheed, the world’s biggest defense company, reached an all-time high of $180.74 on Sept. 19, when Northrop, Raytheon Co. (RTN) and General Dynamics Corp. (GD) also set records. That quartet and Chicago-based Boeing accounted for about $105 billion in federal contract orders last year. U.S. lawmakers including Representative Peter King, a New York Republican, have suggested that the new global threats could prompt Congress to reconsider planned reductions in defense spending.
Note: For more along these lines, see concise summaries of deeply revealing war profiteering news articles from reliable major media sources.
A massive, $7.2 billion Army intelligence contract signed just 10 days ago underscores the central role to be played by the National Security Agency and its army of private contractors in the unfolding air war being carried out by the United States and its Gulf States allies against the Islamic State in Iraq and Syria. INSCOM’s “global intelligence support” contract will place the contractors at the center of this fight. Under its terms, 21 companies, led by Booz Allen Hamilton, BAE Systems, Lockheed Martin and Northrop Grumman, will compete over the next five years to provide “fully integrated intelligence, security and information operations” in Afghanistan and “future contingency operations” around the world. INSCOM announced the global intelligence contract two days after President Obama, in a speech to the nation, essentially declared war on ISIS in Iraq and Syria and outlined a campaign of airstrikes and combat actions to “degrade and ultimately destroy” the terrorist group. The top contractors on the INSCOM contract are already involved in the war. Lockheed Martin, for example, makes the Hellfire missiles that are used extensively in U.S. drone strikes. Northrop Grumman makes the Global Hawk surveillance drone. Both companies have large intelligence units. 70 percent of the U.S. intelligence budget is spent on private contractors. This spending [is] estimated at around $70 billion a year. [There is a] revolving door between INSCOM and its contractors. The system is corrupted by the close relationships between the companies and their agencies, said [Tom] Drake, who as a whistle-blower was nearly sent to prison for exposing the waste, fraud and abuse in a contracted program at the NSA that ended up losing over $7 billion.
Note: Read a powerful essay written by a top US general showing how he was fooled into supporting wars that were generated by the powerful global elite who want never-ending war in order to keep their profits flowing.
Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.