China Boosts Defense Spending by 15 Percent: China announced at its annual National People’s Congress this past weekend that it would raise military spending this year by 15 percent—to $35.1 billion, according to the Wall Street Journal. Remember last year, the International Institute for Strategic Studies said that China actually spent twice what it publicly stated.
When the Air Force sets a new program baseline for the B-52 re-engining this fall, there will be “some” cost increase, because the project wasn't previously fully funded, and the Air Force has a better handle on actual supplier costs and knowledge from ground testing, program officials said.