Defense Industry Finds Few Old Friends on Hill
February 24, 2013
The defense industry is in the fight of its life, but many of its longtime champions on Capitol Hill are retired, dead or in jail.
Of the 30 largest House recipients of defense industry campaign donations since the 1990 election cycle, only 11 are still serving in Congress, according to a POLITICO analysis of federal data compiled by the Center for Responsive Politics. It’s the same story in the Senate, where 14 of the top 30 recipients over the same time period still serve.
And many observers admit that the remaining industry defenders aren’t the defense giants who once walked the halls of Congress.
Talk about bad timing: Monster spending cuts are set to hit the Pentagon and domestic agencies Friday and in turn take a major whack at the defense contractors’ bottom lines.