IPFS News Link • Military
Weapons Budget Grows Amid Obama Cuts
• Tony Capaccio via BloombergU.S. spending on weapons through 2016 likely will grow faster than the overall defense budget, which will have annual increases of only about 1 percent above inflation, according to Pentagon Comptroller Robert Hale.
“Our goal would be to get forces and modernization to grow by 2 or 3 percent,” Hale said in an interview, while saying that “it’s not a given.”
An increase in weapons spending will include greater purchases of Bethesda, Maryland-based Lockheed Martin Corp.’s F- 35 fighter, new ground vehicles, ship construction, satellite systems and unmanned drones, according to the Pentagon’s long- range plan. Northrop Grumman Corp., of Los Angeles, and Chicago- based Boeing Co. also stand to benefit.




