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Lifestyles of the Rich & Famous War Profiteers

Read the original at The Intercept ↗
Cite

Freeman, B. (2026, September 24). Lifestyles of the Rich & Famous War Profiteers. The Intercept. https://theintercept.com/2026/09/24/war-weapons-profits-lockheed-rtx-ceos/

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

The Intercept · collected 2026-09-24 · by Ben Freeman

Quick Summary

The article reports on how private contractors receive more than half of the Pentagon’s $1 trillion budget, with top executives living lavishly while military conditions worsen. It highlights Lockheed Martin as a prime example, earning over $75 billion in revenue from U.S. government contracts in 2025 and its CEO receiving compensation packages worth millions. The piece focuses on a mockumentary called “Lords of War,” which exposes the luxury lifestyles of these CEOs contrasted with poor living conditions faced by service members, emphasizing the growing disparity between military spending and support for troops.
Written by AI on 2026-09-24, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

In a new mockumentary titled "Lords of War," co-produced by The Intercept and Responsible Statecraft, the lavish lifestyles of Pentagon contractors' CEOs are exposed. For the first time, the Pentagon budget exceeded $1 trillion, with private contractors receiving more than half of all Pentagon spending. Notably, Lockheed Martin leads in Pentagon contracts, earning $75 billion in revenue in 2025, over 72% from U.S. government funding. The film highlights that while these companies claim to support troops, many service members endure poor living conditions as contractor profits and CEO luxuries soar. Research by William Hartung and Stephen Semler shows that 54 percent of Pentagon spending now goes to private contractors, up from 41 percent in the 1990s.

Written for “War Profiteering” on 2026-11-04, grounded in this article and the 0 other(s) covering the same event.

Story

📰 War Profiteering
Politics · 1 article(s) covering the same event.

Compared with similar articles

Nothing to compare against. No article is close enough to this one for the pipeline to have linked or judged the pair.
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
29
sentences that state something as happening or true
Uncertain
7%
2 of 29 hedged ("reportedly", "may", "according to")
Leaning
Leans strongly left
of the writing, not the subject · beta estimate
Publisher signals
97/100
The Intercept's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-24 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

The Intercept · 151 article(s) · 0 correction(s) detected
No corrections detected for this publisher. That may mean careful reporting, or simply that nothing has been checked.

Who wrote this

Ben Freeman
1 article(s) here · 1 carrying a prediction
🔮 As research by William Hartung and Stephen Semler for Brown University’s Costs of War Project showed, 54 percent of the Pentagon’s annual spending now goes to private contractors — up from 41 percent in the 1990s.
2026-09-24 · assertive framing · Lifestyles of the Rich & Famous War Profiteers
The only article under this byline in the corpus.

Topics

Lockheed Martin Miami Pentagon Responsible Statecraft U.S.

Subjects

Pentagon ORG · 8× U.S. GPE · 4× Lockheed Martin ORG · 2× Miami ORG · 2× D.C. GPE · 1× Lockheed ORG · 1× Responsible Statecraft ORG · 1× The Intercept ORG · 1× William Hartung PERSON · 1× the Quincy Institute for Responsible Statecraft ORG · 1×

Narrative

They converted their revenue from the military into line items on their own budgets that do nothing to improve U.S. national security: armies of lobbyists that now outnumber all members of Congress by a nearly 2-to-1 margin; billions of dollars in stock buybacks; and, of course, CEO compensation packages on par with those of NFL quarterbacks.
framing: assertive · carried by 1 article(s) · first seen 2026-09-24
🔮 As research by William Hartung and Stephen Semler for Brown University’s Costs of War Project showed, 54 percent of the Pentagon’s annual spending now goes to private contractors — up from 41 percent in the 1990s.
2026-09-24 · The Intercept
Lifestyles of the Rich & Famous War Profiteers · assertive framing

Claims (29 extracted, 2 hedged)

This article and video are being co- asserted
article → co → ?
For the first time, the Pentagon budget topped $1 trillion, and private contractors now receive more than half of all the tax dollars flowing to the Pentagon. asserted
contractors → top → Pentagon
Few have profited from this privatization of the U.S. military more than the CEOs of Pentagon contractors. asserted
Few → profit → contractors
While these companies often advertise their work as supporting the troops, the fact is that many service members live in appalling housing conditions, while military–industrial contractors’ profits soar and their CEOs live in luxury. asserted
CEOs → advertise → luxury
The lavish lifestyles of these CEOs is laid bare in the new mockumentary “Lords of War,” co-produced by the Quincy Institute for Responsible Statecraft and The Intercept, that lampoons an industry held aloft by hundreds of billions of public funds every year. asserted
that → lay → funds
“Lords of War” connects exorbitant Pentagon spending to the luxury enjoyed by the CEOs of its top contractors. asserted
Lords → connect → contractors
As the film notes, Lockheed Martin is regularly the largest recipient of Pentagon contracts, raking in $75 billion in revenue in 2025 — more than 72 percent of which came from the U.S. government. asserted
percent → note → government
As “Lords of War”’s faux real estate aficionado explains, Lockheed’s CEOs have used their $20-million-plus compensation packages to buy luxury real estate from the D.C. suburbs to the shores of Miami. asserted
CEOs → explain → Miami
Despite its care-free tone, the film highlights very real problems within the military–industrial complex. asserted
film → highlight → complex
As research by William Hartung and Stephen Semler for Brown University’s Costs of War Project showed, 54 percent of the Pentagon’s annual spending now goes to private contractors — up from 41 percent in the 1990s. asserted
percent → show → 1990s
The top Pentagon contractors’ revenues and stock prices also skyrocketed as they’ve begun to devour an ever-larger share of the military budget. asserted
they → skyrocket → budget
They converted their revenue from the military into line items on their own budgets that do nothing to improve U.S. national security: armies of lobbyists that now outnumber all members of Congress by a nearly 2-to-1 margin; billions of dollars in stock buybacks; and, of course, CEO compensation packages on par with those of NFL quarterbacks. asserted
that → convert → quarterbacks
The contrast of these CEOs’ rock-star lifestyles — “Lords of War” reveals that one chief executive bought Lenny Kravitz’s Miami mansion — with those of the military service members they purport to serve asserted
they → reveal → members
As the film notes, former Lockheed Martin CEO Marillyn Hewson received $33.7 million in compensation in 2015, which is more than 150 times as much as the average compensation package for an enlisted service member. asserted
which → note → member
While Hewson and other Pentagon contractor CEOs have been buying up mansions, the basic pay of service members has been relatively stagnant for the past 20 years when controlling for inflation. asserted
pay → buy → inflation
Worse, the conditions service members have been living in are deteriorating. asserted
members → live → ?
A 2024 report from the U.S. Government Accountability Office found that two-thirds of service members think their housing is unaffordable. asserted
housing → find → members
And service members often face “long commutes, leave families behind in other states, and work 2 jobs to afford housing,” according to the GAO report. uncertain
members → face → report
A July 2026 Senate investigation, meanwhile, revealed dangerous living conditions at military bases in Georgia, including “reports of lead exposure affecting newborn health, severe mold contamination leading to emergency room visits, flooding in living areas, and more.” asserted
investigation → reveal → areas
Wartime environments have been no better, as evidenced by the deplorable conditions — including food shortages and inoperable plumbing — during the USS Abraham Lincoln’s extended deployment near Iran, which ultimately led multiple sailors to attempt to jump overboard. asserted
which → evidence → sailors
Unfortunately, it’s your tax dollars that are paying for this gaping chasm between the lives of contractor CEOs and the troops. asserted
that → ’ → CEOs
“Lords of War” is one of the few films about military–industrial complex that you find hilarious, but its subject is no laughing matter. asserted
subject → find → complex
The private firms we’re entrusting with U.S. national security are doing more to defend their own share prices than they are to defend the nation. asserted
they → entrust → nation
If we keep trusting this broken system to keep us safe, then, ultimately, the joke is on us. asserted
joke → keep → us
Voices The Ellisons Could Make a Killing in Big Surveillance With the Paramount Merger With the Paramount–Warner Bros. merger set to proceed, the Ellisons can stoke Americans’ fears — and sell the government its solution. uncertain
Ellisons → make → solution
DoorDash Spent $1.4 Million Trying to Stop Mamdani From Becoming Mayor. asserted
DoorDash → spend → Mamdani
Now We Know Why. asserted
We → know → ?
In a wage-theft settlement, DoorDash now has to pay its workers around 100 times what it spent trying to beat Zohran Mamdani. asserted
it → have → Mamdani
Targeting Iran Another U.S. Soldier Is Dead as Iran War Casualties Rise An additional 66 U.S. personnel were wounded in action this month, pushing the official count of Iran war casualties above 850. asserted
personnel → target → 850
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