Lockheed top US arms firm, Halliburton makes list

[dArKeR]

WASHINGTON, Feb 11 (Reuters) - Lockheed Martin Corp. (NYSE:LMT - News) was the biggest U.S. defense contractor again in fiscal 2003, while Halliburton Corp.'s (NYSE:HAL - News) work in Iraq secured it a first-time spot in the "Top 10" list, the Defense Department said on Wednesday.

Halliburton, the Texas-based oil services firm once run by Vice President Dick Cheney, jumped to seventh on the Pentagon's annual list in fiscal 2003 from No. 37, with prime contract awards totaling $3.9 billion compared with $500 million a year earlier, the Pentagon said.

Halliburton, which won a huge share of the work in rebuilding Iraq after the U.S. war last year, is under government investigation for its handling of several big U.S. contracts.

Bethesda, Maryland-based Lockheed Martin, long the industry leader, won $21.9 billion worth of prime contracts in the year ended Sept. 30, up from $17 billion in fiscal 2002, the Pentagon's annual list of its top 100 suppliers showed.

http://biz.yahoo.com/rc/040211/arms_contractors_1.html

[pfitz59]

1. CEO of Lockheed "earned" $24 million last year!

http://www.forbes.com/finance/lists/12/2003/LIR.jhtml?passListId=12&passYear=2003&passListType=Person&uniqueId=AUFS&datatype=Person
100% out of taxpayers pockets! Time for a class action against war profiteers! (Federal law limits top salary to Pres - $400,000. Suggest every federal employee, including contractors and cunsultants, be forced to abide by Federal Law!)

[Just Me]

2. Looks like both Dick and Lynne are making out like bandits from war.

How can anyone argue with the proposition that they are, in fact, war profiteers?

[salin]

3. Tie that story with this one

keep them connected. http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=359970#360267