Defense spending

Defense Secretary Lloyd Austin and Chairman of the Joint Chiefs of Staff Gen. Mark Milley announced the latest tranche of military equipment for Ukraine.

The proposed Long Range Reconnaissance program is expected to complete a portfolio of newly acquired small uncrewed aircraft systems.

Army Chief of Staff Gen. James McConville is the latest voice in a series of Pentagon officials looking for a critical assessment of industry’s supply chain.

The ministry’s spending plan will invest in uncrewed types of aircraft, ground vehicles, surface ships and submarines.

Officials are envisioning the creation of both industrial and government joint ventures.

Officials say the need to hike defense spending has been driven by Russia’s invasion of Ukraine and fears that hybrid activity could spill beyond Ukraine.

The Czech Republic has committed to increasing defense spending to 2% of gross domestic product.

Defense spending in Saudi Arabia performed an abrupt turnaround in 2022.

Some key allocations include ¥211.3 billion to acquire ship-launched Tomahawk cruise missiles.

The omnibus bill was OK’d by the House 225-201, one day after the Senate’s approval.

Military budgets are growing, especially in the Asia-Pacific region.

The bill would buy 383 military aircraft overall in fiscal 2023—or 30% more than the 294 aircraft requested by the Defense Department.

President Joe Biden on Dec. 16 signed a bill to keep the government open for one more week.

Industrial partners on the joint French, German and Spanish project were awarded a €3.2 billion ($3.4 billion) Phase 1B contract on Dec. 15.

Germany has formally joined the growing list of F-35 Joint Strike Fighter customers.

The House and Senate have agreed on a fiscal 2023 budget policy bill.

The U.S. Air Force will lay out a new approach to protecting its forces in the Indo-Pacific region.

Yes, you are in a strong defense spending economy. Whether it will ever feel like one is a different question.

Japan is set to increase its Boeing KC-46A Pegasus tanker fleet from four aircraft to six.