Inflation bit deeply into world military budgets in 2022, with only China, Europe, and a few other countries achieving real growth in defense spending, according to the International Institute for Strategic Studies. China's spending level was a new record, but the IISS noted that its ...
defense budgets
President Joe Biden will request $715 billion for the Pentagon in his first budget request in office, about a $10 billion increase from the 2021 enacted budget but below the sustained growth military officials have asked for. Notably, Biden’s budget...
As the Air Force pieces together its fiscal 2023 budget, due early next year, it must think not only about the immediate future, but also five years down the road. That’s a challenge right now, said Lt. Gen. S. Clinton Hinote, the Air Force’s deputy ...
If defense budgets are going to be flat, Pentagon leaders should opt for a different set of tradeoffs, emphasizing larger numbers of people and innovative concepts and less force structure and modernization as the right formula for near- and long-term readiness, according to a new ...
The Pentagon needs to take a look at the need for overseas bases, deployments, and exercises as the country grapples with the fiscal impacts of the COVID-19 pandemic and other priorities, the military’s top officer said Dec. 2. Chairman of the Joint Chiefs of Staff ...
A downturn in defense spending may create some “attractive” pricing on companies Lockheed Martin may want to acquire, and it has the cash to pick up some bargains, company President and Chief Executive Officer James D. Taiclet said in a second-quarter earnings call July 21. ...
Department of the Air Force spending trends; DOD and USAF fiscal 2020 budget request; spending as a share of GDP; DOD budget breakdown by service; pass-through funding; major procurement and RDT&E programs.
