Posted by andreas from dtm2-t9-1.mcbone.net (62.104.210.98) on Tuesday, December 31, 2002 at 7:23AM :
Greetings from Loch Sheamidt
(anywhere in the Spirit-ual Intell-Act-ual Highlands (... Hicks ...):
So, Lads & Lassies,
This is going to be last installment (of a total of three items) on the
Military-Industrial Complex.
Posting it here on this meagre forum with no html formatting features will surely create a pretty mess - but take the following alphabetical stew as an appetizer ... and go the URL below where you'll find fabulous tables and even more fabulous LINKS.
Kicks asses and arses and ...
Beannacht leibh
(Scottish for: Pooshoon b-Sheyna)
... And for Sadie (Lilly)
Namárie ....
----------------------------------------
Index Value Change Since Inception
of PWP (12/2/02)
The PWP 512.66 - 2.43 - 0.47% + 2.55%
Dow 8332.85 + 29.07 + 0.35% - 6.33%
Nasdaq 1339.54 - 8.77 - 0.65% - 9.42%
S&P 500 879.39 + 4.00 + 0.46% - 6.08%
Prices last updated 12/30/2002 @ 4:01pm EST
About the PWP:
The Perpetual War Portfolio is an evenly weighted basket of five stocks poised to succeed in the age of perpetual war. The stocks were selected on the basis of popular product lines, strong political connections and lobbying efforts, and paid-for access to key Congressional decision makers.
Company & Description Killer Products Political Connections Lobbying Expenditures & Political Contributions
Boeing
Boeing is probably best known for making commercial jet airplanes, but 40% its annual revenue is generated from the sale of military aircraft, missiles, lasers, guidance systems, and the like. The company's Joint Direct Attack Munition (JDAM) was such a big hit in Afghanistan that it can hardly keep up with orders from the Air Force and Navy. Also, through its Phantom Works division, Boeing has become the industry leader in the development of Unmanned Combat Aerial Vehicles (UCAVs) such as the extremely cool X-45, which will be a lucrative line of business in the age of robotic warfare. Aircraft:
AH-64 Apache | Global Security page
X-45 UCAV | GS
B2 Bomber (subcontractor) | GS
C-17 Globemaster | GS
Missiles:
GBU-15 | GS
AGM-130 | GS
AGM-86C
Bombs (Bomb Guidance Kits):
JDAM | GS
Richard Armitage - State, Deputy Secretary | President and partner, Armitage Assoc. LLP, a Boeing consultant
Karl Rove - White House, Senior Advisor to the President | Shareholder
2000 Lobbyist Spending: $7,820,000
2001/2002 Contributions: $1,470,474
Targeted Contributions:
House:
John Murtha (D-PA) - Appropriations Committee (Defense Subcommittee, Ranking Member) | $27,349 of contributions in last election cycle (Boeing ranks #4 of Mr. Murtha's contributors)
Jim Moran (D-VA) - Appropriations (Defense) | $21,850 (#1)
Norm Dicks (D-WA) - Appropriations (Defense) | $14,000 (#1)
Senate:
Ted Stevens (R-AK) - Chairman, Appropriations | $34,400 (#1)
Northrop Grumman
Northrop Grumman is positioned to profit nicely from the War on Terror. The company is the prime contractor on the B2, and a major subcontractor on both the F-18E/F and the new Joint Strike Fighter. Northrop Grumman makes the unmanned Global Hawk (which got rave reviews in Afghanistan), is building the X-47 UCAV for the Navy, and, like Boeing, has a strong UCAV program. The best thing about owning this company, however, is its strong connections with current officials in the Bush administration (the secretary of the Air Force is a former Northrop Grumman president, for crying out loud), and its well-targeted campaign contributions to key members of both the House and Senate Armed Services Committees. Aircraft:
B2 Bomber (prime contractor) | GS
Joint Strike Fighter (subcontractor)
F-18 E/F | GS
Global Hawk | GS
X-47 UCAV | GS
I. Lewis Libby - White House, Chief to the President | Consultant
Dov Zakheim - Defense; Under Secretary for Comptroller | Paid advisory board
Douglas J. Feith - Defense; Under Secretary for Policy | President and managing partner of former law firm, Feith & Zell; clients include Northrop Grumman
Paul Wolfowitz - Defense; Deputy Secretary | Consultant
James Roche - Air Force; Secretary | Former president
Nelson F. Gibbs - Air Force; Assistant Secretary for Installations, Environment and Logistics | Former corporate comptroller
Sean O'Keefe - Office of Management and Budget; Deputy Director | Paid advisory board
2000 Lobbyist Spending: $6,882,720
2001/2002 Contributions: $1,181,280
Targeted Contributions:
House:
Bob Stump (R-AZ) - Chairman, Armed Services | $12,000 (#1)
Ike Skelton (D-MO) - Ranking Member, Armed Services | $17,000 (#1)
Duncan Hunter (R-CA) - Armed Services | $15,990 (#1)
Jerry Lewis (R-CA) - Appropriations (Defense, Chairman) | $11,990 (#1)
Senate:
Trent Lott (R-MS) - Majority Leader | $20,000 (#1)
John Warner (R-VA) - Chairman, Armed Services | $22,450 (#1)
Ted Stevens (R-AK) - Chairman, Appropriations | $18,000 (#5)
Raytheon
Raytheon is best known for its Tomahawk cruise missile, the preferred method for getting any party started. Each missile costs $2M. The company also makes the Paveway series of laser-guided bombs (LGBs), used widely in Afghanistan, and the 5,000-pound GBU-28 "Bunker Buster" that comes in handy when trying to dislodge rogue dictators and terrorist masterminds. Missiles:
BGM-109 Tomahawk Cruise Missile | GS
Bombs:
Paveway Laser-Guided Bomb Suite | GS
GBU-28 "Bunker Buster" | GS
Richard Armitage - State, Deputy Secretary | President and partner, Armitage Assoc. LLP, a Raytheon consultant; Advisory board member
Sean O'Keefe - Office of Management and Budget; Deputy Director | Strategy advisory board member
2000 Lobbyist Spending: $2,320,000
2001/2002 Contributions: $824,406
Targeted Contributions:
House:
Bob Stump (R-AZ) $2,000 (#9)
Ike Skelton (D-MO) $6,000 (#8)
Senate:
Edward Kennedy (D-MA) - Armed Services | $35,775 (#2)
Lockheed Martin
As the worlds's largest defense contractor, Lockheed Martin is an important part of any Perpetual War Portfolio. The company has an excellent suite of products to make war, from the new Joint Strike Fighter, to the Hellfire missile, to the widely popular BLU-109 warhead. Lockheed Martin is also the industry leader in lobbying expenditures, campaign contributions, and two of its former executives are in leadership positions at the Air Force and Navy. Aircraft:
C-130 | GS
F-117 | GS
F-16 | GS
Joint Strike Fighter (prime contractor)
Missiles:
AGM-142 | GS
Hellfire | GS
Bombs & Warheads:
Advanced Unitary Penetrator | GS
BLU-109 | GS
Lynn Cheney - Wife of the Vice President | Director
Stephen Hadley - White House; Deputy National Security Adviser | Partner, Shea and Gardner, law firm representing Lockheed Martin
Peter B. Teets - Air Force; Assistant Secretary | Former CEO
Gordon England - Navy; Secretary | Former President
Everet Beckner - Energy; Administrator for Defense Programs | Former Vice President
Otto Reich - State; Assistant Secretary for Latin America | Paid Consultant
Norman Mineta - Transportation; Secretary | Former Vice President; Shareholder
Michael Jackson - Transportation; Deputy Secretary | Former Vice President; Former COO Lockheed Information and Management Services; Shareholder
Larry C. Johnson - Justice; Deputy Attorney General | Partner at Atlanta law firm of King & Spalding, client to Lockheed
2000 Lobbyist Spending: $9,740,000
2001/2002 Contributions: $1,678,098
Targeted Contributions:
House:
Bob Stump (R-AZ) $5,000 (#3)
Ike Skelton (D-MO) $11,000 (#3)
John Murtha (D-PA) $40,050 (#2)
Senate:
John Warner (R-VA) $21,000 (#3)
Wayne Allard (R-CO) - Armed Services - $17,500 (#2)
Ted Stevens (R-AK) - Chairman, Appropriations | $21,500 (#4)
Alliant Techsystems
I normally only like mega-cap stocks like Boeing and Lockheed Martin, but smallish Minnesota-based Alliant Techsystems is a deserving member of this group. The company is the largest supplier of ammunition to the US military, its largest supplier of cluster bombs, and provides propulsion and structures for many of the missile and aircraft systems listed above. Bombs & Ammo:
CBU-87 Cluster Bomb | GS
CBU-89 Cluster Bomb | GS
M829 120mm Tank Ammo | GS
PGU-14 Armor Piercing Incendiary | GS
None Found. 2000 Lobbyist Spending: $460,000
2001/2002 Contributions: $135,960
Targeted Contributions:
House:
Ike Skelton (D-MO) $4,000 (#18)
SOURCES
Defense contractors' web sites
Globalsecurity.org
Opensecrets.org
"Bush Top 100" at the Center for Public Integrity
William D. Hartung, "About Face: The Role of the Arms Lobby in the Bush Administration's Radical Reversal of U.S. Nuclear Policy," World Policy Institute [May 2002]
Feedback: dack@dack.com
Last Modified: December 23, 2002
© 2002 Dack Ragus
Special thanks to Peter Lawrence for the technical support.
-- andreas
-- signature .
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