The F-35 jet program accounts for about 27% of Lockheed's revenue
Lockheed financials: 2024 net sales $71.0 billion. Recorded pre-tax losses of $2.0 billion associated with classified programs
Returned $6.8 billion of cash to shareholders through dividends and share repurchases in 2024
Total Assets @Q1 54.96B
$110.94 B Marketcap
Nearly 80% of the $46 billion in revenue in 2014 was generated from purchases by the US government
Total foreign ownership of US companies is about 40% (I wonder if total US ownership of foreign companies exceeds foreign ownership of US companies?)
Sourced above by variety of sources - likely inaccurate.Total costs (e.g. externalities, political) and benefits (e.g. security, influence) are harder to guess at.
The US political system puts a huge amount of pressure on allies to buy US armaments. The US military industrial capitalism is complex, and has massive political backing. Christmas lights sell missiles. I also wonder how much of the F-35 profitability comes from a Gillette/SaaS/HP financial model? Wars destroy capital goods, which is great if you're selling them.
If it's not worth funding locally, it's not worth funding federally.
In fact, that's how the interstates work too - the state transportation agencies apply for highway funding from the federal government and then manage the projects.
Although I'm not really sold on even the approach you describe - it seems like it's just a way to funnel taxes from local people -> federal -> back to local.
Skip the middleman?
California tax payers support West Virginia infrastructure.
Inevitably some states are wealthier than others, the federal government acts as a balancer of this. This can improve outcomes in poorer states (education, building up new industries, local economies etc).
Ideally, it also provides a counter balance for changing economies, where there are inevitably winners and losers. Many industries are geographic centered, and having the ability to adjust for acute downsides in one area benefits the whole country overall in the long-term.
For example, my city is trying to build a bridge. There's a particular federal program for this (which will probably get killed by Trump), so the city applied for funding and now it's their job to build the bridge.
Pork is good. Pork helps grease the wheels of government, it helps things pass and helps facilitate compromise.