According to The Guardian, President Donald Trump’s call for a major boost in U.S. military spending has been met with an uproar from opponents warning that such a policy would waste millions of taxpayer dollars. To lend perspective on the issue, in fiscal year 2015, military spending in the United States accounted for 54 percent of all federal discretionary spending, according to the Institute for Policy Studies. Right now the U.S. military has the ability to fight just under two world wars simultaneously. The International Institute for Strategic Studies says the U.S. accounts for more than a third of the world’s military spending. Continue reading →
F-35B & F-35C in formation. Photo: Lockheed Martin
The General Services Administration’s U.S. Federal Procurement Data System– Next Generation released its annual Top 100 Federal Contractors report – Fiscal Year 2017. The top 100 federal contractors accounted for $283 billion of the obligated dollars, up 8 percent compared to $262 billion in FY16. Lockheed Martin remains the dominant contractor with $50.7 billion (almost 10% of the obligated total), followed by Boeing with $23.4 billion (4.6% of the obligated total). Continue reading →
Official portrait of President Donald J. Trump, Friday, October 6, 2017. (Official White House photo by Shealah Craighead)
In a move designed to disrupt the military space establishment, President Donald Trump called for the creation of the Space Force as a “separate but equal” branch of the U.S. military. While Trump has mentioned the creation of a Space Force previously, the June 18, 2018, announcement came as a surprise. The Department of Defense and the White House both opposed earlier congressional plans to separate space operations from the rest of the Air Force. Continue reading →
F-35A Weapons Carriage (Lockheed Martin Photo by Matt Short)
As defense markets continue to adapt to dynamic economic and political forces, the major players continue to hold their entrenched positions.
Regional turmoil in parts of the Middle East, Europe and Asia continue to drive the need for more spending. Further, international sales for many firms are set to expand, driven by fear over the Islamic State (also known as ISIS), a more bellicose Russia, and regional pressures from China and North Korea. Continue reading →