Congress unveils FY18 US defence spending bill
US lawmakers are rushing to pass a $1.3 trillion spending bill before the end of 23 March to avoid another government shutdown and the US defence community is poised to see a sizable spending boost over last year.
After a snowy day brought DC to a halt, lawmakers unveiled their Fiscal Year (FY) 2018 omnibus package on 21 March that includes $654.6 billion for defence — $589.5 billion in base spending and $65.2 billion overseas contingency operations. The proposed bill provides the defence community with $61.1 billion more than in FY17.
The House could vote on the spending bill as
Already have an account? Log in
Want to keep reading this article?
More from Defence Notes
-
Spain unveils new multi-billion euro defence investment plan
The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
-
New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
-
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
Avalon 2025: Australian defence budget meets the low expectations of show attendees
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
-
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.