The Pentagon’s most famous recent boondoggle is the F-35 program, which has exceeded its original budget by $165 billion.
Source: Liberty Unyielding
https://libertyunyielding.com/2022/12/0 ... ry-assets/
The Pentagon’s most famous recent boondoggle is the F-35 program, which has exceeded its original budget by $165 billion.
“The purpose of this contract is to provide the Department of Defense with enterprise-wide, globally available cloud services across all security domains and classification levels, from the strategic level to the tactical edge.
The estimated completion date is June 8, 2028.
Goldman analysts said defense stocks now price in the potential for a new global geopolitical superpower struggle but they do not price in the potential for a renewed focus on US government cumulative debt.
"The former may occur, but the latter may happen first; while defense budgets, company earnings, and valuations are all near all-time highs, creating more downside than upside risk, and leaving stock prices vulnerable to a medium-term de-rating.
On the DoD budget, the analysts said it moves in decade-long cycles, and over time, DoD investment spending is up 70% in the last 8 years cumulatively.
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