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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

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

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Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

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Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

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Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]