America's war machine is a mixed bag right now

Nobody spends money on arms like the US of A.

Starting with a base of $534 billion in discretionary funding, coupled with another $51 billion for Overseas Contingency Operations funding (aka the "war budget"), the Pentagon's spending power comes to a grand total of $585 billion.

Defense industry giants, Boeing, General Dynamics, Northrop Grumman, and Raytheon posted second-quarter earnings on Wednesday (Lockheed Martin earnings released last week).

Here's a look at how they did...

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