Pentagon Contractors' Funding Totals

On this episode of Always at War, Courtney and Alex are joined by returning guest Nick Cleveland-Stout, co-creator of the Quincy Institute’s Think Tank Funding Tracker, to pull back the curtain on the financial interests shaping how Americans are being sold the war in Iran.

First, they discuss the stark gap between the American public and the Washington foreign policy establishment on the Iran war, and why that disconnect is no accident 

Next, they dig into the think tank money trail: how institutions like the Foundation for Defense of Democracies, the Hudson Institute, and the Atlantic Council are funded by Pentagon contractors like Lockheed Martin, Northrop Grumman, and RTX (formerly Raytheon) — and how their experts dominate cable news, making the case for war without disclosing who signs their paychecks. Nick reveals that in 2024 alone, Pentagon contractors gave at least $7 million to the top think tanks, with $44 million flowing in since 2019.

Finally, they examine the revolving door between the military, defense contractors, and media commentary — including retired generals like Jack Keane, who holds millions in defense contractor stocks, going on Fox News to tell Americans to tighten their belts and back the war. Plus: why Democrats are making a mistake opposing the Iran war on procedure rather than principle, and what a real anti-war politics might actually look like.

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Why is America seemingly always at war? Join the Quincy Institute’s Courtney Rawlings and Alex Jordan as they expose the monied interests, outdated ideologies, and entrenched powers that have driven the U.S. to wage nearly 400 wars and interventions. 

They’ll be joined by journalists, advocates, and experts to uncover who profits from America’s endless conflicts, and to imagine how we can build a better, more peaceful U.S. foreign policy.

Learn more about the Quincy Institute: quincyinst.org
Contact the show: alwaysatwar@quincyinst.org

Show art by Justin Hantz

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