Author: Jane Edwards|| Date Published: November 13, 2018
Jim McAleese
A report by consulting firm McAleese & Associates says investors should expect the defense budget for fiscal years 2020 and 2021 at a range of $700B to $716B per year.
Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that the Pentagon™s overall budget in FY 2019 demonstrates a 13 percent rise from its FY 2017 defense funds.
The Defense Department™s research, development, test and evaluation account for FY 2019 is 30 percent higher than its FY 2017 RDT&E funding, according to the report.
DoD™s FY 2019 procurement funds climbed 20 percent, while its operations and maintenance account shows a $21B increase over its FY 2017 budget.
McAleese noted that defense stocks lost approximately at least 7 percent to 10 percent of value during the third quarter of 2018 due to several factors.
Those include possible defense budget cuts in a Democrat-controlled House; potential return to sequestration; the Trump administration™s proposed cuts to defense spending; and rising interest rates.
Textron plans to separate its industrial segment from its aerospace and defense businesses. The Providence, Rhode Island-headquartered firm said Thursday…
OSIbeyond has introduced a compliance-as-a-service, or CaaS, offering designed to help defense contractors secure and maintain Cybersecurity Maturity Model Certification.…
Raytheon, an RTX business, has received a $206.2 million contract from the U.S. Navy to integrate advanced Global Positioning System capabilities into…
