FINANCIAL EDGE, RAILWAY AGE MAY 2024 ISSUE: Roughly one year ago, in May 2023, a “60 Minutes” report was issued about cost overruns in the defense contracting business. The story details billions of dollars in price gouging by contractors (Raytheon, Lockheed Martin and Boeing) on Patriot missiles, Stinger missiles and the legendary mother of all cost overruns—the F35 fighter jet….
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