America's war machine is a mixed bag right now
Cpl. Chan Lathung, a native of Oakland, Calif., and a crew chief with Marine Heavy Helicopter Squadron 362, 3rd Marine Aircraft Wing (Forward), scans the surrounding area for insurgent activity during a general support flight over Helmand province, Afghanistan, July 27.
Starting with a base of $534 billion in discretionary funding, coupled with another $51 billion for Overseas Contingency Operations funding (aka the "war budget"), the Pentagon's spending power comes to a grand total of $585 billion.
Defense industry giants, Boeing, General Dynamics, Northrop Grumman, and Raytheon posted second-quarter earnings on Wednesday (Lockheed Martin earnings released last week).
Here's a look at how they did...
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