Monday, May 11, 2020

Amid Record-Breaking Job Losses in America, Military Contractors Are Hiring


By Adam Dick - May 11, 2020 at 06:41PM

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Tens of millions of jobs have disappeared over the last couple months after government actions taken in the name of countering coronavirus sank an already suffering economy, including through mandating that many businesses shut down. Nevertheless, one group of American businesses — military contractors — is still going strong and seeking to hire many people.

Marcus Weisgerber, in a Friday Defense One article, provides the details of the effort by large military contractors, including Lockheed Martin and Northrop Grumman, to hire many more people to help the companies satisfy the United States government’s demand for tools of foreign intervention.

Some big military contractors, though, are not totally immune to the economic trouble in America. These companies are eliminating jobs in their operations directed at meeting the demands of private individuals while, at the same time, adding jobs focused on military and foreign intervention production. Weisgerber notes, for example, that Boeing, “which is preparing to cut 10 percent of its 160,000-employee workforce as the airlines predict at least a three-year drop in sales, is advertising more than 600 open positions in the United States, largely in its defense, space, cybersecurity and intelligence units.” Further, Weisgerber writes, some military contractors such as “Raytheon Technologies, the company formed by the merger of Raytheon and United Technologies last month, are considering shifting employees from commercial to defense work.”

Read Weisgerber’s article here.

from Ron Paul Institute Peace and Prosperity Articles

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