“Be prepared for firm defense budgets in “The coming years,” Raytheon Technologies CEO Greg Hayes told Morgan Stanely at an investor conference this week. During a meeting at the Pentagon, Defense Department officials told Hayes “to plan for relatively stable inflation-adjusted budgets.
Meanwhile, Boeing's annual market forecast predicts “Boeing's aerospace and $ 9 trillion markets for services and services over the next decade.” Of this, about $ 2.6 trillion goes to the defense and space markets. “These large and stable markets have strong demand driven by geopolitical and security challenges,” the report said. “This expenditure projection continues to reflect the continued importance of military aircraft, autonomous systems, satellites, spacecraft and other products for national and international defense, with 40 percent of expenditure expected outside the United States.”
Defense exports between 2019 and 2020 fell 17 percent, according to a new report by the Association of the Aerospace Industry. Defense exports, which include military aircraft, space systems, missiles and other equipment, amounted to $ 13.7 billion.
The Congressional Budget Office estimates that the latest 30-year plan to build a Navy with a fleet of 398 to 512 manned and unmanned vessels will cost taxpayers $ 25 to $ 33 billion a year. Over the past five years, the Navy has spent $ 23 billion a year on shipbuilding projects.
The US Chamber of Government accounts believes the Pentagon is preparing relatively well and is in line with current resolutions: funding measures that freeze spending at the previous year's level. The Pentagon launched 11 of the last 12 fiscal years in the Czech Republic – 2019 was the only year in which legislators approved measures for appropriation before October 1.
While today's US military is close to its lowest military strength since the end of World War II, personnel costs are at historically high levels, especially the cost of maintaining contingents in Iraq and Afghanistan, “he said in his new cost report. to military personnel Seamus Daniels from the Center for Strategic and International Studies.