It looks like the defense industry is having a pretty good sequester. Most of the big companies are beating the stock market average since the sequester began.
How can this be? I thought our military readiness was going to be compromised. I thought the army of aerospace engineers which surrounds Washington DC was supposed to be dumpster diving by now.
Don’t see any.
Looks like there’s a little more fat around the belly of the military industrial complex than many Americans were led to believe.
And there’s plenty more to cut. Take for instance the fact that $900 million in obsolete spare parts for the Stryker military vehicle were recently found in a warehouse. No one, not the DoD, not General Dynamics (the contractor) was even tracking this stuff. $900 million dollars, just lost.
There’s plenty left to cut. So when is round 2?