Sunday, 8 July 2012

U.S. Firms Spending More On Lobbying

The U.S. Capitol.
The U.S. Capitol. (File photo / Getty Images)

U.S.-based prime contractors may be looking for ways to cut costs in a difficult defense market, but they’re not skimping on lobbying.
The top five U.S. defense contractors increased spending on lobbying by a combined 11.5 percent in the first quarter of 2012 compared to the same quarter in 2011, a review of lobbying disclosure forms by Defense News found.
The increase, following a down year in 2011, brought lobbying investment for Lockheed Martin, Boeing, General Dynamics, Raytheon and Northrop Grumman to a combined total of $15.9 million for the quarter ending March 31. The number represented a new combined high in the four years that all five companies have been filing disclosures.
Lobbying disclosure filings are required under the Open Government Act of 2007, with quarterly data available going back only to 2009. The forms represent lobbying on Capitol Hill, as well as the Defense Department and the White House.

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