Global Military Spending - NEWS ONLY

[bobbymike]

Budget Matters: Congress Continues to Kick Appropriations Can

Budget Matters: Congress Continues to Kick Appropriations Can

www.nationaldefensemagazine.org

 

[Grey Havoc]

US sees chance to gain arms market share from sanctioned Russia

A White House official said Tuesday that Russia’s sanctions-struck defense industry is opening an “opportunity” for U.S. and western defense firms to take

www.defensenews.com

As Russia's military reputation nosedives, so do its Asian arms sales

Asia was once one of Russia's biggest weapons export markets but the war in Ukraine has accelerated falling sales

www.telegraph.co.uk

 

[Grey Havoc]

New Ukraine aid will buy 18 HIMARS and weapons to ‘disrupt’ drones

The Pentagon announced Wednesday it will contract with industry for $1.1 billion in military aid to Ukraine.

www.defensenews.com

 

[bobbymike]

For the Pentagon’s FY24 budget: Buy now, and buy a lot - Breaking Defense

A strategy that aims to lessen risk in the 2030s is ignoring the troubling, rising risk now, argues AEI’s John Ferrari.

breakingdefense.com

 

[Grey Havoc]

Congress reauthorizes DoD innovation grants with new China safeguards

The reauthorization caps off months of uncertainty as to the program’s future amid concerns over Chinese influence and commercialization.

www.defensenews.com

Republicans push Biden to use $2.1 billion Ukraine aid set to expire

Republicans warn Biden against letting $2.1 billion in Ukraine military aid expire, urging the White House to use it to send Kyiv long-range missiles.

www.defensenews.com

Menendez seeks path forward for Taiwan defense bill

Senate Foreign Relations Chairman Bob Menendez is pushing to amend the NDAA with the Taiwan Policy Act, which includes $6.5 billion in military aid.

www.defensenews.com

 

[Grey Havoc]

US may establish new command in Germany to arm Ukraine: report

A final decision on the command is expected within the next few weeks.

www.defensenews.com

 

[Grey Havoc]

From back in September:

Japan eyes hiking defense spending to ¥40 trillion over five years

The amount compares with the ¥27.47 trillion in total specified as defense costs for five years through fiscal 2023 in the country's Medium Term Defense Program.

www.japantimes.co.jp

 

[Grey Havoc]

Democrats jump into Saudi arms fight after Biden détente ends

Saudi Arabia's oil production cuts have prompted President Joe Biden and congressional Democrats to revive the Trump-era push to end arms sales to Riyadh.

www.defensenews.com

 

[jsport]

Marine Corps ‘strong,’ but rest of military has weakened, report finds

The Heritage Foundation's study said the Marine Corps was strong, while the Air Force has weakened.

www.militarytimes.com

 

[Forest Green]

Russia’s military aircraft exports are headed for a nosedive

The military reputation of the Russian Aerospace Forces has been badly tarnished — and that is rubbing off on the aircraft.

www.defensenews.com

 

[Grey Havoc]

Parts shortages dog US defence contractors as war depletes arsenals (ft.com, registration or subscription may be required)

Four of the Pentagon’s top defence contractors have warned that persistent parts and labour shortages could continue into 2024, just as they invest in accelerating weapons production and orders related to the war in Ukraine roll in.

Boeing, Lockheed Martin, Northrop Grumman and Raytheon Technologies have contended with snarled supplies since the start of the coronavirus pandemic, and they are now confronting widespread cost inflation. These factors have combined to slow production rates, weigh on revenues and in some cases cause outright losses.

Northrop Grumman, which makes weaponry including the B-2 stealth bomber, expects supply chain delays to run throughout 2023, with some disruptions lasting up to two years, longer than the company’s earlier forecasts.

“I don’t expect them to get significantly better,” Kathy Warden, Northrop’s chief executive, told analysts during an earnings call on Thursday. The company reported $915mn in net profit, $27mn less than analysts expected.

Raytheon chief executive Greg Hayes said that of the group’s 13,000 suppliers, roughly 400 “are a problem for us”.

“We’re fully prepared that next year is going to be kind of a hand to mouth on the supply chain,” Hayes told analysts after the company reported earnings this week.

The US aerospace and defence industry is expected to grow as the country and its allies increase budgets to bolster their own arsenals and replenish stockpiles of weaponry sent to the Ukrainian military.

But the industry’s struggles with obtaining necessary parts and raw materials will “throttle” companies’ expansion, and “it is going to take longer to replenish those inventories”, said Ron Epstein, an analyst at Bank of America. Supply chains were “not even close” to being “in a wartime posture”, he said.

[snip]

General Dynamics, which specialises in battle tanks and ships, has had trouble hiring speciality engineers and experienced shipbuilders but does “not see labour as a constraint for our revenue growth at the moment”, chief executive Phebe Novakovic said on Wednesday, as the company has been bolstered by its commercial private jet business.

GD seems to be rather optimistic there, methinks.

 

[Grey Havoc]

Defense Companies Still Await Boost From Pentagon’s Arming of Ukraine

Challenges in the supply chain and the Pentagon’s weapons-buying practices are holding back sales as global tensions increase, executives say.

www.wsj.com

 

[bobbymike]

The annual military budget could hit $1 trillion by 2027 - Responsible Statecraft

The push for China competition, along with a lack of fiscal discipline, places an increasing burden on the American taxpayer.

responsiblestatecraft.org

 

[bobbymike]

If the US economy achieves 3% growth to 2027 one trillion would be roughly 3.7% of GDP. Cold War average was 6.5%.

 

[Forest Green]

According to IMF, current GDP is $25.03tr.

25.03 x (1.03)^5 = $28.98tr

1/28.98 = 0.345 = 3.45%

United States - Wikipedia

en.wikipedia.org

 

[bobbymike]

Bureau of economic analysis has Q3/22 at $25.663T but either value by 2027 makes $1T totally affordable.

 

[Bhurki]

The annual military budget could hit $1 trillion by 2027 - Responsible Statecraft

The push for China competition, along with a lack of fiscal discipline, places an increasing burden on the American taxpayer.

responsiblestatecraft.org

With inflation moving like it is, those $1 trillion would be more like $750 B today.

 

[bobbymike]

Report to Congress on Emerging Military Technologies - USNI News

The following is the Nov. 1, 2022 Congressional Research Service report, Emerging Military Technologies: Background and Issues for Congress. From the report Members of Congress and Pentagon officials are increasingly focused on developing emerging military technologies to enhance U.S. national...

news.usni.org

 

[Grey Havoc]

Pentagon, Congress have trust issues, budget reform panel’s Lord says

Former Pentagon acquisition chief Ellen Lord said the commission has highlighted deep communication shortfalls that are hindering the funding process.

www.defensenews.com

 

[Grey Havoc]

US, Netherlands go Dutch to refurbish Czech tanks for Ukraine

The U.S. and Netherlands are splitting the cost of refurbishing 90 more Czech T-72B tanks for Ukraine in Kyiv’s fight to repel Russia.

www.defensenews.com

 

[Grey Havoc]

Lumen starts on $1.5B Indo-Pacific network contract after protest ends

The Indo-Pacific Transport Services award was protested by Verizon in August. The protest was withdrawn in early September, records show.

www.defensenews.com

 

[Grey Havoc]

Lithuanian army to receive Expal 120-MX2-SM 120mm towed mortars | Defense News October 2022 Global Security army industry | Defense Security global news industry army year 2022 | Archive News year

Lithuanian army to receive Expal 120-MX2-SM 120mm towed mortars

www.armyrecognition.com

 

[Grey Havoc]

Tension between DPWI and DoD over military infrastructure maintenance - defenceWeb

The Department of Defence’s (DoD’s) dissatisfaction with the Department of Public Works and Infrastructure (DPWI) over military facilities maintenance has seen the DoD prohibit DPWI from carrying out some maintenance projects, as the military prefers to use in-house capabilities. This is one of...

www.defenceweb.co.za

 

[Grey Havoc]

Treasury funding not the only mountain SA defence industry has to climb - defenceWeb

It is common knowledge the South African defence industry is, to use a nautical term, in the doldrums, with a lack of government funding to finance acquisition. There is a second leg to the problem which also lies with government in the form of employees – so-called public servants. This came...

www.defenceweb.co.za

Finance Ministry must assist if SANDF is to retain sharp end on land and at sea - defenceWeb

Given the miserliness with which the national defence force is treated by the Ministry of Finance’s National Treasury (NT) it’s not surprising the latest recommendations by Parliament’s Portfolio Committee on Defence and Military Veterans (PCDMV) includes Minister Enoch Godongwana. Its budgetary...

www.defenceweb.co.za

 

[Grey Havoc]

Canada buys 39 General Dynamics vehicles, eyes anti-tank weapons

The procurement efforts follow a promise by Canada’s Liberal Party government that military equipment sent to Ukraine this year would be restocked.

www.defensenews.com

 

[Grey Havoc]

Long-term assistance command to oversee training mission with Ukraine

Security Assistance Group-Ukraine represents the Pentagon’s first move to create more long-term force structure in Europe since Russia’s invasion.

www.defensenews.com

Britain vows to flow artillery, helicopters into Estonia

The two countries signed a defense plan that would see Britain remove some troops but equip those remaining with better weapons.

www.defensenews.com

 

[Grey Havoc]

US sending Ukraine $400 million in military aid

U.S. officials say the aid package will contain large amounts of ammunition and, for the first time, highly mobile Avenger air defense systems.

www.defensenews.com

 

[Grey Havoc]

Britain to significantly ramp up production of artillery shells after handing thousands to Ukraine

Britain has sent at least 16,000 artillery rounds to Ukraine since the start of the war

www.telegraph.co.uk

EU to purchase weapons jointly in step towards military integration

European Defence Investment Programme will renew bloc negotiation strategy used for vaccine purchasing and prevent avoidable price hikes

www.telegraph.co.uk

 

[Grey Havoc]

Army awards Lockheed $500M deal to replenish rockets stockpile

Lockheed Martin has won a deal to replenish the U.S. military's Guided Multiple Launch Rocket Systems stockpile.

www.defensenews.com

US announces sanctions targeting Russian military suppliers

The U.S. is imposing sanctions on a list of people and firms around the globe that it alleged are financial facilitators of Russia’s military supply chain.

www.defensenews.com

 

[bobbymike]

NDIA Policy Points: The Precarious State of U.S. Defense Stockpiles

NDIA Policy Points: The Precarious State of U.S. Defense Stockpiles

www.nationaldefensemagazine.org

 

[Grey Havoc]

UK refuses to make defense spending commitments amid strategy review

If cuts are coming to the British armed forces, which programs will be the winners and losers? Experts weigh in.

www.defensenews.com

McCarthy threatens to hold up key defense bill until next year

McCarthy's threat comes as Republicans and Democrats are negotiating a final, bicameral version of the bill with the aim of passing it in December.

www.defensenews.com

 

[jsport]

The Pentagon Failed Its Audit Again, But Says Bots Could Change That

More widespread use of data analytics and automated tools could result in a clean audit, says Pentagon finance chief.

www.defenseone.com

 

[jsport]

What Contractors Think of the Proposed Rule on Climate Reporting

The proposed rule is part of the Biden administration’s larger environmental agenda, but it comes with costs for contractors.

www.defenseone.com

 

[bobbymike]

UK delays defense spending increase, raising fears 3% GDP target will be axed - Breaking Defense

"We will continue to maintain the defense budget [to] at least 2 percent of GDP to be consistent with our NATO commitment," said Jeremy Hunt, UK Chancellor of the Exchequer.

breakingdefense.com

 

[Grey Havoc]

When Will the West Call for the Wooden Badger?

One of the more difficult things for me to work through is a certain intolerance at my core that is easily triggered, and I have to make a c...

cdrsalamander.blogspot.com

 

[Grey Havoc]

Border safeguarding budget used to cover SANDF flood relief costs in KZN - defenceWeb

The South African National Defence Force (SANDF) had to allocate R230 million from its border safeguarding budget to cover expenses incurred in flood relief efforts in KwaZulu-Natal earlier this year. This is according to a Parliamentary question posed by the African National Congress’s...

www.defenceweb.co.za

National defence force divorcing Public Works and Infrastructure - defenceWeb

South Africa’s military facilities are the grounds for divorce proceedings currently underway between the Department of Defence (DoD) and Minister Patricia de Lille’s Department of Public Works and Infrastructure (DPWI). This has seen, initially, Minister Thandi Modise’s department take over...

www.defenceweb.co.za

Armscor having difficulty lining up SAAF maintenance contracts - defenceWeb

As the Department of Defence’s (DoD’s) defence material acquisition agency, Armscor is trying to make sure that maintenance contracts are in place to keep the South African Air Force’s (SAAF’s) aircraft flying in spite of budgetary and other challenges. In a presentation to the Joint Standing...

www.defenceweb.co.za

 

[Grey Havoc]

Japan govt panel recommends broad tax burden for defence budget hike

A Japanese panel of experts advising Prime Minister Fumio Kishida on Tuesday recommended broad tax measures to pay for a defence spending hike and cautioned against raising debt that could expose the nation to international market changes.

www.reuters.com

Kishida's hunt for cash to fund defense buildup

Alarmed by rising tensions in Ukraine and Taiwan, many in the country want a stronger deterrent, but few in the heavily indebted nation want more taxes to pay for it.

www.japantimes.co.jp

Japan: Panel calls for more taxes to boost military – DW – 11/22/2022

Japan should raise more money for defense amid growing regional threats, an expert panel has said. The party of Prime Minister Fumio Kishida wants to double the defense budget in the next five years.

www.dw.com

Threats force Japan to consider boosting military (The Times, registration or subscription may be required)

 

[Grey Havoc]

On Europe's new front lines, red tape, politics and potholes hamper defense

Planners from the Baltics to Romania are scrutinizing potential military reinforcement routes, planning to fortify bridges and adding military transport functions to civilian airports.

www.japantimes.co.jp

 

[Grey Havoc]

WSJ News Exclusive | U.S. Effort to Arm Taiwan Faces New Challenge With Ukraine Conflict

The flow of weapons to Kyiv is running up against the longer-term demands of a U.S. strategy to arm Taiwan to help defend against a possible invasion by China.

www.wsj.com

 

[Grey Havoc]

What Does a Real Military Buildup Look Like?

We need more and more clear and direct talk like this from senior uniformed leaders throughout NATO; In a remarkable speech in Prague today...

cdrsalamander.blogspot.com