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DoD Confirms $10-$20 Billion COVID Bailout For Contractors After Trump Blasted Military-Industrial Complex

By Tyler Durden | 11 September 2020

ZERO HEDGE — This is surely the last thing the American people want to hear, but it does confirm President Trump’s recent statements saying that top Pentagon brass essentially seeks out constant wars to keep defense contractors “happy”: the Department of Defense plans to cut major military contractors a $10 billion to $20 billion COVID bailout check.

Defense One reports: “With lawmakers and the White House unable to come to an agreement on a new coronavirus stimulus package, it’s unlikely that money requested to reimburse defense contractors for pandemic-related expenses will reach these companies until at least the second quarter of 2021, according to the Pentagon’s top weapons buyer.”

Defense undersecretary for acquisition and sustainment, Ellen Lord, in recent statements has indicated the private defense firm stimulus would cover the period from March 15 to Sept. 15 and is estimated at “between $10 and $20 billion.” […]

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