The Damage Report
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Hegseth's Budget Claims BLOW UP As Staggering Lockheed Martin Contract Announced
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August 1, 2026
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8:23Now PlayingPete Hegseth's meltdown over the military budget not being high enough, despite massive increases already passed, gets blown apart as a staggering Lockheed Martin rearming contract is revealed to be a separate cost, though still going to the military. John Iadarola breaks it down on The Damage Report. Leave a comment with your thoughts below!
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Read more here:
Lockheed Martin wins $58.6B contract to produce Patriot interceptors
"The Army has awarded Lockheed Martin a seven-year contract worth up to $58.6 billion to churn out Patriot interceptor missiles in an effort to replenish quickly diminishing U.S. munitions stockpiles.
The deal, announced Wednesday, converts a previous one-year contract worth $4.7 billion awarded to Lockheed in April. The alteration means the U.S. military can receive a steady stream of Patriot interceptors through 2032, according to the Army."
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