Aerospace Group:

Budget

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

By Cal Biesecker

Wednesday, December 9th, 2020

SHARE:

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…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]