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Army

The Defense Department’s Annual Report Of Military Sales Sits At $33 Billion in 2016

Tuesday, November 8th, 2016

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The Defense Department has spent nearly $3 billion in the fiscal year that expired in October.The Defense Security Cooperation Agency (DSCA) announced on Tuesday sales of $33 billion in military goods for Fiscal Year 2016. The total sales include $2.9 billion of Foreign Military Financing-funded cases; $5. billion in Building Partner Capacity-funded cases; and $25.7 billion funded by partner nations.DSCA has been working with stakeholders throughout the U.S. Government, defense industry, and foreign partner communities to implement a series of…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]