Follow us on social

Shutterstock_2206767959-scaled

Enormous Lockheed stock buybacks and dividends come at expense of taxpayers

The weapons industry giant's CEO announced the news on a call this week — a move that's effectively underwritten by the American public.

Reporting | Military Industrial Complex

The federal government and U.S. taxpayers are effectively underwriting massive returns for Lockheed Martin shareholders, returns so impressive that the weapons firm’s CEO, James Taiclet, boasted about how the company handed $11 billion over to shareholders in 2022 via share repurchases and dividend payments, creating “significant value for our shareholders.” 

Taiclet, speaking on a January 24 earnings call, said that Lockheed, the world’s largest weapons firm, was “ending the year with a total shareholder return of 40 percent.”

Lockheed may be a for-profit, publicly traded, company but those stock buybacks, dividends and appreciated stock value are largely underwritten by U.S. taxpayers. The company’s 2021 annual report acknowledged that, “…71% of our $67.0 billion in net sales were from the U.S. Government.”

Weapons companies often boast about the jobs they create and how their products are vital tools for U.S. national security. But in this case Lockheed is effectively acknowledging that billions of dollars of profit, overwhelmingly driven by U.S. government contracts, are being handed over to investors. In other words, $7.8 billion of the $11 billion transferred to shareholders in 2022 was effectively funded by the U.S. government and Americans who thought their tax dollars went to providing public services and keeping the country safe.


Editorial credit: sdx15 / Shutterstock.com
Reporting | Military Industrial Complex
Trump tariffs
Top image credit: Steve Travelguide via shutterstock.com

Linking tariff 'deals' to US security interests is harder than it looks

Global Crises

In its July 31 Executive Order modifying the reciprocal tariffs originally laid out in early April, the White House repeatedly invokes the close linkages between trade and national security.

The tariff treatment of different countries is linked to broader adhesion to U.S. foreign policy priorities. For example, (relatively) favorable treatment is justified for those countries that have “agreed to, or are on the verge of agreeing to, meaningful trade and security commitments with the United States, thus signaling their sincere intentions to permanently remedy … trade barriers ….and to align with the United States on economic and national security matters.”

keep readingShow less
Kurdistan drone attacks
Top photo credit: A security official stands near site of the Sarsang oilfield operated by HKN Energy, after a drone attack, in Duhok province, Iraq, July 17, 2025. REUTERS/Azad Lashkari

Kurdistan oil is the Bermuda Triangle of international politics

Middle East

In May, Secretary of State Marco Rubio declared that a strong Kurdistan Region within a federal Iraq is a "fundamental and strategic component" of U.S. policy. Two months later, that policy was set on fire.

A relentless campaign of drone attacks targeting Iraqi Kurdistan’s military, civilian, and energy infrastructure escalated dramatically in July, as a swarm of Iranian-made drones struck oil fields operated by American and Norwegian companies. Previous strikes had focused on targets like Erbil International Airport and the headquarters of the Peshmerga’s 70th Force in Sulaymaniyah.

The attacks slashed regional oil production from a pre-attack level of nearly 280,000 barrels per day to a mere 80,000.

The arrival of Iraqi National Security Advisor Qasim al-Araji in Erbil personified the central paradox of the crisis. His mission was to lead an investigation into an attack that Kurdistan Regional Government (KRG) officials had already publicly blamed on armed groups embedded within the Popular Mobilization Forces (PMF)—components of his own government.

keep readingShow less
Sudan
Sudanese protester stands in front of a blazing fire during a demonstration against the military coup, on International Women's Day in Khartoum, Sudan March 8, 2022. REUTERS/El Tayeb Siddig

Sudan civil war takes dark turn as RSF launches 'parallel government'

Africa

In a dramatic move last week, the Rapid Support Forces (RSF) announced the selection of its own prime minister and presidential council to compete with and directly challenge the legitimacy of the Sudanese government.

News of the new parallel government comes days before a new round of peace talks was expected to begin in Washington last week. Although neither of the two civil war belligerents were going to attend, it was to be the latest effort by the United States to broker an end to the war in Sudan — and the first major effort under Trump’s presidency.

keep readingShow less

LATEST

QIOSK

Newsletter

Subscribe now to our weekly round-up and don't miss a beat with your favorite RS contributors and reporters, as well as staff analysis, opinion, and news promoting a positive, non-partisan vision of U.S. foreign policy.