Phil Gingrey Financial Dealings With F-22 Companies
This week, Representative Phil Gingrey ranted against the decision by the Defense Department to limit its request for F-22 jet fighters to 187 of the expensive planes. The Department of Defense has concluded that the F-22 program is techologically and strategically out of date, and beset with huge cost overruns and technical errors.
Yet, Gingrey insists that the F-22 production should be more than double what the Pentagon says it wants. Gingrey complained, “The President’s shortsighted decision on the F-22 ignores the possibility that at some point in the future, we could find ourselves in conflict with a conventional military power that could challenge our air superiority, a possibility I don’t think any of us would like to imagine.”
Why is Gingrey so concerned, with speculation about a possible future when the F-22, designed to fight in the last century, could finally become relevant? When Congressman Gingrey takes stock in the value of the F-22 program, he may not being doing so in the way that you assume.
The F-22 is manufactured through a partnership between military contractors Lockheed Martin and Boeing. As reported in his latest fnancial disclosure form, Phil Gingrey owns stock in Boeing. Lockheed Martin is the single biggest corporate contributor to Phil Gingrey’s current re-election campaign. Gingrey has taken money from Boeing’s political action committee as well.
