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Budget

DoD’s $715 Billion FY ‘22 Budget Request Includes Largest Ever R&D Investment, Billions In Legacy System Cuts

By Matthew Beinart

Friday, May 28th, 2021

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DoD’s $715 Billion FY ‘22 Budget Request Includes Largest Ever R&D Investment, Billions In Legacy System Cuts

President Joe Biden talks with Secretary of Defense Lloyd J. Austin III during a visit to the Pentagon, Washington, D.C., Feb. 10, 2021. (DoD photo by Lisa Ferdinando)

The Biden administration’s fiscal year 2022 budget request includes a $112 billion investment in Pentagon research efforts, the department’s largest ever, while calling for nearly $3 billion in cuts to legacy aircraft and ships to fund future weapons system development. The $715 billion budget request, released last Friday, is a 1.6 percent increase over FY ‘21 spending levels and includes $211.7 billion for the Navy, a $4.6 billion increase from this fiscal year, and $212.8 billion for the Air Force,…

Congress

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Congress

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Congress

No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says

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Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]