Tag Archives: defense spending

Marine Corps to Test Finnish Personnel Carrier as U.S. Long Term Unemployment Continues at Post Depression Highs?

Posted on 20 August 2012 by Ken Zino

It was not immediately clear if Lockheed really intends to import the Finnish-built personnel carrier for the 600 units the Marine Corps eventually plans to buy at ~$5 million each while long-term U.S. unemployment continues at post Great Depression highs. There are competing U.S.- and Canadian-built carriers available from General Dynamics, BAE Systems, and Science Applications International Corporation. Continue reading →

Posted in economy, news, news analysis, transportation | Tagged , , , , , , , , | Leave a comment

Lockheed Martin Fined $15.85 Million for Taxpayer Rip-off

Posted on 23 March 2012 by Ken Zino

“It is troubling that a large defense contractor with long-established contractual ties with the United States failed to undertake appropriate measures to ensure the integrity and validity of the costs it submitted to the United States,” said Stuart F. Delery, Acting Assistant Attorney General for the Justice Department’s Civil Division. It is more troubling that seven years of fraud when revealed took another seven years for the Federal government to resolve. Continue reading →

Posted in aviation, fools 'n frauds, litigation, news, people, transportation | Tagged , , , , , , , , | Leave a comment