Defense Contractors, Defence Contracting, Defence Contract Quotes



This warning was a decade before the Meltdown of 2008, but was not heeded by any of the politicians. As a result a number of the companies that made all those risky decisions assumed that if something went terribly wrong the government would not let them fail. Unfortunately, they were right and the taxpayers spent billions to prevent companies from failing. After the meltdown all the politicians vowed to end the too big to fail concept, but while some improvements were made, the Congress could not come to agreement, and the markets and a number of companies think that they are still too big to fail. This is particularly true for Defense Contractors where the government has and probably will in the future, protect irresponsible companies from failure if they are the only company that makes needed weapons and other equipment.


Describing the nominee for Secretary of Defense, John Tower, who left the Senate to work as a highly paid consultant for defense contractors before being nominated as Secretary:


In WWII as later, defense contractors and military weapons designers were always trying to improve the design and proto-models, thus stalling production and utilization. Arnold’s statement galvanized the program and B-29s reached the Pacific theater to help win the war.