Meet The Martin Shkreli Of Defense Contracting - News Summed Up

Meet The Martin Shkreli Of Defense Contracting


One of his favorite punching bags was the Overseas Contingency Operations budget, which Mulvaney derided as “a slush fund” that should be eliminated. The Trump budget would increase both overall defense spending and the amount that flows to the OCO. To maintain his credibility and demonstrate that Trump’s new “hard power” defense priorities weren’t just an excuse to throw money away, Mulvaney needed to sniff out wasteful endeavors. TransDigm is essentially the Martin Shkreli of defense contractors. TransDigm buys these producers and Pharma Bros them, wildly inflating the price to exploit their monopoly.


Source: Huffington Post March 23, 2017 09:45 UTC



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