The U.S. House of Representatives recently passed its version of the FY19 defense authorization bill by a vote of 351-66. The bill supports a Pentagon base budget of $639.1 billion, which complies with the two-year budget deal agreed upon earlier this year that amended national security spending caps in FY18 and FY19. This base spending includes $617.1 billion for the Pentagon, $21.8 billion for nuclear programs in the Department of Energy, and $214 million for other defense-related activities. The bill recommends $69 billion for Overseas Contingency Operations (OCO), matching the request, for a total of $708.1 billion in discretionary defense spending in FY19. Continue reading
by Edward Nebinger, Forecast International.
Recent reports of significant layoffs by Boeing have proven to be of little concern to Wall Street investors, who shrugged those actions off as an efficiency move. Not only that, Boeing stock rose dramatically to a new high last week, and during a two-day period jumped 28 points, sending the Dow Jones Average to a new all-time high. Continue reading
Welcome to the fourth episode of the Forecast Roundtable podcast. Each podcast features several analysts discussing various aerospace and defense-related issues.
This week Doug Royce and Matthew Beres discuss the possible resumption of the F-22 production line. Continue reading