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Budget

Outlook For Defense In 2021 Stable, Deloitte Says In New Forecast

By Cal Biesecker

Wednesday, December 9th, 2020

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Defense budgets and sales next year will remain “relatively” stable and defense spending worldwide will increase in the low single digits—surpassing $2 trillion—amid rising geopolitical tensions, the auditing and consulting firm Deloitte says in its annual outlook for the aerospace and defense industry. In the U.S., defense spending is expected to be flat in 2021 and downward pressure may begin to be felt in fiscal year 2022 due to efforts to reduce government deficits and potential shifts toward “social and…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]