What if an aicraft carrier could be built for a cool $100 million?
There has been much scrutiny over how much the United States government directs towards military spending, and in 2019 the United States spent $718.69 billion on its military. That money includes everything from salaries, training, development of new technologies but also the weapons and equipment used by the military.
The United States is well known for spending more on its military than any other country in the world, and according to a Statista 2019 estimate the per capita defense spending amounted to $2,072. A common misconception is that the Department of Defense (DoD) does little to rein in costs, and given the amount of money spent on the Lockheed Martin F-35 Lightning II Joint Strike Fighter program it could be easy to see why.
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Austin s ties to steel company add to concerns over industry influence
Critics say this is yet another knock on a nomination that has already faced opposition due to industry ties and the need to seek a waiver.
Retired Army Gen. Lloyd Austin, the Biden administration s choice to be secretary of defense, speaks during an event at The Queen theater. | Susan Walsh/AP Photo
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The nomination of retired Gen. Lloyd Austin to be the next defense secretary has raised concerns over his ties to the defense industry, most notably his membership on the board of Raytheon Technologies.
But less well-known is his membership on the board of Nucor, a steel company that s a subcontractor to at least two major defense contractors. The connection could further complicate his confirmation as lawmakers have made clear their wariness of installing Pentagon chiefs with defense industry ties.
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Home » Budget Industry » UPDATED: White House-Led Navy Shipbuilding Plan Set to Push Boundaries of Pentagon Budgets, Industry Capacity
UPDATED: White House-Led Navy Shipbuilding Plan Set to Push Boundaries of Pentagon Budgets, Industry Capacity
December 10, 2020 6:02 PM
Island of the aircraft carrier USS John F. Kennedy (CVN-79) is landed onto the flight deck during a mast-stepping ceremony at Huntington Ingalls Industries Newport News Shipbuilding in Newport News, Va., on May 29, 2019. US Navy Photo
This post has been updated with additional information from the Navy, the Office of Management and Budget and reaction from Congress.
The administration today released a long-range Navy shipbuilding plan that is likely to set up a fight for resources between the Navy and its sister services and between the Pentagon and Congress over how quickly to pursue these changes.