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Defense-Related Corporate PACs Are Top Donors
Posted at 9:01 a.m. on May 10, 2013
Six of the top 10 corporate PACs giving to federal candidates and committees in the first quarter are PACs of defense-related companies. During the first quarter of 2013, defense-related firms were dealing with a large variety of issues, including Defense Department sequesters, fiscal 2013 budget reductions and the fiscal 2014 presidential budget submission.
Topping the list of PAC givers is the Employees of Northrop Grumman Corporation PAC, which gave $744,250 to federal candidates and committees, with 63 percent going to Republicans. They gave $532,750 directly to candidates, $75,000 to national party committees, $126,500 to leadership PACs, and $10,000 to party-oriented committees (such as the Blue Dog PAC).
The full financial profile of the Northrop Grumman PAC shows contributors into the PAC, a chart of their financial activity from 1984 to the present, a list of to whom they gave, and a breakdown of their contributions to each standing committee of Congress. In the 2011-2012 cycle, the PAC gave $2,271,898 to federal candidates and committees, with 58 percent going to Republicans.
Here are the top 10 corporate PACs giving in the first quarter. Defense-related PACs are in bold.
Employees of Northrop Grumman Corporation PAC $744,250 (63 percent to Republicans).
Lockheed Martin Corporation Employees’ PAC $506,500 (67 percent to Republicans).
AT&T Inc. Federal PAC $479,700 (66 percent to Republicans).
Investment Company Institute PAC $449,500 (56 percent to Republicans).
New York Life Insurance Company PAC $429,000 (52 percent to Republicans).
Pricewaterhousecoopers PAC $422,500 (59 percent to Republicans).
General Electric Company PAC $404,500 (59 percent to Republicans).
Honeywell International PAC $400,922 (56 percent to Republicans).
Raytheon Company PAC $394,500 (62 percent to Republicans).
The Boeing Company PAC $374,000 (65 percent to Republicans).
View the top 500 corporate PACs giving in 2013. The listing may be ranked by name of PAC, total receipts, total disbursements, total federal contributions, total to Democrats, or total to Republicans. One may also drill down to the full financial profile of each PAC.
To search detailed money-in-politics databases, visit Political MoneyLine.