Monday, February 12, 2018

Trump needs $ 686 billion for Military

Donald Trump’s $686 billion defense request for the coming fiscal year would propel the Navy toward a new goal of 355 ships, restore major funding for a Boeing Co. fighter jet favored by the president and boost missile defense spending. The budget envisions a 355-ship Navy, with 299 vessels by the end of fiscal 2019, which begins Oct. 1, and 326 by 2023. The Navy has 280 ships today, but some are nearing the end of their useful life.

This week Trump unveiled his scheme for a large military parade. The cost of that is unknown.
Missile defense spending is expected to be $9.92 billion, up $1b from the last numbers. The Air Force plans $16.8 billion in funding through 2023 for the new B-21 bomber being built by Northrop Grumman Corp., including $2.3 billion next year for continued research.