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Joseph Schmitz, the Pentagon's chief internal watchdog since March 2002, has quit to join a defense contractor involved in private security services, the Pentagon announced on Wednesday.
Read MoreThe report found that the total value of military weapon sales worldwide in 2004 rose to the highest level since 2000, reaching nearly $37 billion.
Read MoreWith $15.7 billion in orders, India edged out China, with $15.3 billion, to become the developing world's biggest weapons buyer for the eight-year period up to 2004 reviewed by the nonpartisan Congressional Research Service.
Read MoreCunningham's possible abuse of his clout has opened a window on the congressional appropriations process, giving the public a rare glimpse at the growing premium that contractors place on obtaining influence on Capitol Hill.
Read MoreThe chief executives of the defense industry's largest companies have doubled their paychecks since 9/11 and the War on Terrorism began -- far greater than the average 7 percent growth for all corporate CEOs.
Read MoreChief executives at top U.S. defense contractors have received a 200 percent pay hike since 2001 compared to a 7 percent raise for other CEOs at large companies, a study showed on Tuesday.
Read MoreCommander of the Army Corps, told Bunnatine H. Greenhouse last month that she was being removed from the senior executive service, the top rank of civilian government employees, because of poor performance reviews.
Read MoreDespite the relatively small number of American armed forces in Iraq and Afghanistan, the war effort is rapidly shaping up to be the third-most expensive war in United States history.
Read MoreChart comparing costs of US wars
Read MoreAccording to reports, Lockheed Martin, Boeing, Northrop Grumman, Raytheon, General Dynamics, Honeywell and United Technologies posted all-time best-ever profits in the first half of this year and they still have a huge list of orders.
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