According to a new Center for Strategic and Budgetary Assessments report, federal funding for defense, military operations, and homeland security, and related activities has risen by a total of $843 billion since September 2001 in contrast to what these areas would have received simply due to rising inflation. Of that $843 billion, some $675 billion went to defense accounts. About half the total came through emergency supplementals. CSBA estimates that operations in Iraq have received about $310 billion and in Afghanistan $85 billion.
RTX, parent of Raytheon, Collins and Pratt & Whitney, is getting out of the space prime business and focusing on its "strengths" as a maker of space sensors, buses, and components, company COO Chris Calio said during an earnings call.