The Pentagon’s cost estimate for its operations against Iran has risen to $30 billion, the director of the Office of Management and Budget told Congress on June 30, as he offered almost no new details on the White House’s supplemental funding request that includes $67.1 billion for the Department ...
Office of Management and Budget
President Donald Trump’s administration is asking Congress for an extra $21 billion to boost munitions stockpiles, $17.3 billion to pay for operational costs from the conflict with Iran, and $4 billion for high-priority Space Force programs, according a June 24 supplemental funding request.
The Air Force budget would grow to $234 billion while Space Force spending would shrink to $26 billion under the White House's yearly ask.
The future of the Air Force’s acquisition of 26 Boeing E-7 Wedgetail aircraft is in doubt under spending plans that are being weighed by the Trump administration.
The fiscal year 2022 budget will enter its fifth month under a continuing resolution in February, the product of a record-setting latest ever budget release by the Biden administration in May 2021. Meanwhile, the president’s fiscal year 2023 budget request is unlikely to meet a ...
The U.S. Space Force has done much in its first 16 months. We must allow it to unlock its full potential, by providing it with the tools and authorities to accomplish its mission. The new service should be authorized to unify the department so everyone ...
While the U.S. is still the world’s leader in space, China can move much faster and the U.S. Space Force needs to adapt with new acquisition processes to stay ahead, the new service’s No. 2 said March. 16. Gen. David D. Thompson, the Space Force’s ...
The House Appropriations Committee passed its version of the 2021 defense spending bill by a 30-22 vote July 14, though dissenting Republicans warned of “poison pills” in the measure that would invite a veto. The bill includes $694.6 billion for the Pentagon, including $626.2 billion ...
The heads of eight top defense contractors are urging the White House and Pentagon not to cut modernization and research and development funding to come up with the money to pay for expenses caused by the coronavirus pandemic. The companies said they're worried modernization will ...
Defense Undersecretary for Acquisition and Sustainment Ellen M. Lord said the department is on the hook for billions of dollars in COVID-19-related costs, saying the Pentagon submitted its request to cover the claims to the Office of Management and Budget. The Coronavirus Aid, Relief, and ...
The Pentagon and the primes step up in the face of the pandemic.
Massive spending to combat the coronavirus pandemic may suppress defense spending and therefore defense stock prices, which have tanked to the tune of more than 30 percent in the last month, according to defense and aerospace analyst Byron Callan of Capital Alpha. Congress may also ...