What Happened
DoD Seeks Significant Increase In Defence Spending For Industrial Base
The US Department of Defense has released its FY 2027 budget request, which includes a significant increase in defence spending. The $1.5 trillion request is intended to address industrial base and readiness challenges, and advance new technologies to stay ahead of adversaries. The budget includes a 42% increase for the defence industrial base, with significant growth requested for the services’ budgets. The Department of the Army, Navy, and Air Force will receive budget increases of 23.9%, 26%, and 33.6%, respectively. This was reported by Janes.