Obama Funds to Fight in Iraq to Help Raytheon, Lockheed
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President Barack Obama’s request for an added $5.6 billion to fight Islamic State includes funds to replace missiles and bombs made by Raytheon Co., Boeing Co. and Lockheed Martin Corp.
The funds for defense contractors were included in details of the budget request sent today to congressional leaders. The White House announced on Nov. 7 that Obama was asking Congress to approve the funds, in part to support 1,500 more U.S. troops to train and advise Iraqi forces in addition to the 1,600 already authorized.