February 17, 2018

Budget Deal Likely to Deliver Hefty Business to Defense Companies

Featuring: Robert O. Work

Source: Wall Street Journal

Journalist: Doug Cameron

The recent budget deal has handed U.S. defense companies an extra $75 billion over the next two years as the Pentagon boosts spending on aircraft, missiles, tanks and maintaining older equipment.

The Pentagon proposal unveiled Monday alongside the White House budget request for fiscal 2019—which starts on Oct. 1—includes spending more than $470 billion over the next two years on buying weapons and military research, a 20% increase from the Obama administration’s final plan in fiscal 2017.

Read the full article in The Wall Street Journal.

Author

  • Robert O. Work

    Senior Counselor for Defense and Distinguished Senior Fellow for Defense and National Security

    Secretary Robert O. Work is the Distinguished Senior Fellow for Defense and National Security at the Center for a New American Security and the owner of TeamWork, LLC, which s...