Tag: Lockheed Martin

Lawmakers Aim to Ban Colleagues from Market Trading While They Still Buy and Sell

Georgia Star News Staff
Pete Sessions and Bill Keating

Four members of Congress recently reported buying and selling financial assets, despite co-sponsoring a bill that would ban such trades, disclosures show.

Democratic Reps. Mary Gay Scanlon of Pennsylvania, Jeff Jackson of North Carolina, Bill Keating of Massachusetts and Republican Rep. Pete Sessions of Texas all reported selling or purchasing assets after they signed on as co-sponsors of the TRUST In Congress Act, financial disclosures show. The TRUST In Congress Act would ban members of Congress from directly trading covered investments, which includes securities, commodities futures and similar assets by requiring them to place such assets in a blind trust.

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Commentary: The U.S. Defense Industrial Base

RealClearWire

The Russian invasion of Ukraine, along with increased tensions in the Middle East and the Indo-Pacific region, has generated many debates. Debates about the stability of the international order, the cohesion of NATO, and many others. But for the United States, one significant debate regards the size and expansibility of the American defense industrial base. It’s a discussion that is well past due.

Last year, Under Secretary of Defense Colin Kahl testified to Congress that, “What the Ukraine conflict showed is that, frankly, our defense industrial base was not at the level that we needed it to be to generate munitions.” But the challenge with ammunition is more symptom than cause, in economic terms something of a “leading indicator.”

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Raphael Warnock Swore off Corporate PAC Money – but Took Thousands from PACs Funded by Big Corporations

Admin

Sen. Raphael Warnock has collected tens of thousands of dollars in campaign donations from political action committees (PAC) funded by corporations this election cycle, records show. At the same time, the senator has said he’s “never taken a dime of corporate PAC money” and pledged not to do so.

Warnock’s campaign took $29,600 during the first and second quarters of 2022 from Democratic leadership PACs that have in turn accepted $1.6 million from corporate-backed PACs since 2003, according to Federal Election Commission records (FEC) reviewed by the Daily Caller News Foundation.

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Georgia Rep. Barry Loudermilk Urges More Production of Military Aircraft Manufactured in Marietta

Chris Butler

Representative Barry Loudermilk (R-GA-11) announced late last week that he has asked the U.S. Department of Defense (DOD) to increase the number of new C-130J aircraft, which are manufactured at Lockheed Martin’s facility in Marietta, Georgia. That Lockheed Martin factory, Loudermilk went on to say, employs 3,000 Georgia residents.

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Biden’s Air Force Opens Strategic Tanker Contract to Airbus Less Than a Year After $4B DOJ Sanction for Hiding China Ties

Neil W. McCabe

President Joseph R. Biden Jr.’s administration opened up a significant chunk of a new Air Force tanker contract to the Leiden, Netherlands, based Airbus less than a year after the company paid a nearly $4 billion fine for corruption and despite its history of technology transfers to China.

“Airbus engaged in a multi-year and massive scheme to corruptly enhance its business interests by paying bribes in China and other countries and concealing those bribes,” said Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division in a statement released at the end of January.

“This coordinated resolution was possible thanks to the dedicated efforts of our foreign partners at the Serious Fraud Office in the United Kingdom and the PNF in France,” Benczkowski said.

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