defense contracts

US Election 2024

Eric Trump Brags About Pentagon Deal Amidst Corruption Accusations

Eric Trump recently appeared on Fox Business to promote Foundation Future Industries, a robotics company for which he serves as chief strategy advisor. The company secured a multimillion-dollar Department of Defense contract for robots to be deployed in Ukraine. Critics have voiced outrage, citing this as another instance of the Trump family leveraging their political connections for personal financial gain, with accusations of corruption and comparisons to authoritarian regimes surfacing. This deal follows a pattern of Eric and Donald Trump Jr. investing in companies seeking lucrative Pentagon contracts during their father’s presidency.

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John Q. Hosedrinker
World News

Canada Explores $20B+ South Korean Sub, Vehicle Deal: Bypassing US Military-Industrial Complex

Three South Korean companies, with government backing, submitted a multibillion-dollar proposal to Canada to modernize its military. The proposal includes a $20-24 billion plan to replace Canada’s aging submarines by 2035, exceeding the current timeline. Additional proposals, exceeding $1 billion, offer artillery and armored vehicles, alongside the establishment of Canadian maintenance and potentially manufacturing facilities. This unsolicited bid represents a significant effort to secure Canadian military contracts, presenting a quicker alternative to traditional U.S. and European suppliers amid concerns about procurement timelines and capacity. The proposal emphasizes a long-term partnership focused on bolstering Canada’s defence industrial base.

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John Q. Hosedrinker

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