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The Latest Breaking News from Defense Spending

US military chief praises Japan's defense funding boost as a buttress against China and North Korea

The highest-ranking U.S. military officer is praising Japan's moves to double its defense spending over the next five years, citing rising threats from North Korea and China

The Independent UK

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Amendments to defense spending bills offer differing views of US role in NATO

Tribune News Service

Amendments to defense spending bills offer differing views of US role in NATO

Congress’ consideration of the defense budget now includes a debate on whether the United States should be a member of NATO, which it helped found after World War II to protect Europe from Russian aggression.

Tribune News Service

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NATO will boost defense spending to help back Ukraine but the math is tricky. Just ask Luxembourg

NATO leaders are set to make a new defense spending pledge at their summit this week as support for Ukraine eats into their military budgets

The Independent UK

‘Baby steps’ and ‘brinkmanship’: Defense spending debate to test McConnell, McCarthy unity

WASHINGTON – Mitch McConnell has had the National Defense Authorization Act on his brain for weeks, complaining about the pace of the annual allocation for military spending and warning that its size will be integral in deterring creeping Chinese aggression.

McClatchy Washington Bureau

Analysis: Uncertainty clouds defense spending forecast

WASHINGTON — Even with a budget deal firmly set in law, the size and characteristics of the fiscal 2024 defense budget remain even more in flux than defense bills usually are this time of year.

Tribune News Service

Defense budget uncertainty - Roll Call

Even with a bipartisan defense spending cap in place, the size and shape of a fiscal 2024 defense budget is still a wild card. CQ Roll Call’s David Lerman and John M. Donnelly outline the factors that could make defense spending much larger, or smaller, than the budget caps deal…

Roll Call

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Analysis: Uncertainty clouds defense spending forecast - Roll Call

Partisan division and the potential for drastic changes mean the future of the Pentagon's fiscal 2024 budget is anything but certain.

Roll Call

Parties wage 'war of nerves' over defense spending bill

The ruling and opposition parties are waging a psychological war over the date to vote on a draft law to secure financial resources for increased defense spending.

The Japan News/Yomiuri

3 Defense Stocks to Profit From

Geopolitical tensions have heightened defense spending, which is expected to create opportunities for the industry. Therefore, it could be wise for investors to buy defense stocks TransDigm (TDG), Ducommun (DCO), and Astronics (ATRO). Read more.

StockNews.com

US debt ceiling battle rekindles debate over Ukraine funds

The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week's deal.

Reuters

Senators eye Ukraine aid bills as avenue to increase DOD budget - Roll Call

Senators are weighing using bills that provide funds for aid to Ukraine as a vehicle to increase the Pentagon's budget.

Roll Call

Hawks worry about defense caps in debt limit deal - Roll Call

The debt limit deal would cap defense spending despite defense hawks in Congress calling for big increases to the Pentagon's budget.

Roll Call

Hill-favored projects called defense budget’s ‘black hole’

WASHINGTON -- Congress directed the Pentagon to spend $12.2 billion in the current fiscal year on nearly 1,000 different “program increases” in the Defense spending bill’s research account alone, projects pushed by lawmakers that the Defense Department did not publicly request, according to a previously unpublicized database.

Tribune News Service

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StockNews.com

2 Defense Stocks Outperforming the Industry

Amid the persistent threat of terrorism, heightened defense spending is expected to create opportunities for the defense sector. Given the significant prospects of the defense market, the outperforming defense stocks Willis Lease Finance (WLFC) and CPI Aerostructures (CVU) might be solid additions to one’s portfolio. Read on.

StockNews.com

The Best Defensive Stocks to Own This Month

The rising geopolitical instability worldwide is creating favorable prospects for the U.S. defense industry. Moreover, increased government defense spending will likely boost the sector this year. Hence, I think fundamentally strong defense stocks Textron (TXT) and Leidos Holdings (LDOS) might be solid buys. Keep reading.

Tribune News Service

Estonian PM vows more defense spending in new ruling coalition

Estonian Prime Minister Kaja Kallas vowed higher defense spending after finalizing a deal for a new governing coalition following her victory in last month’s elections, extending her tenure as one of Europe’s most ardent backers of Ukraine in its fight against Russia.

Reuters

Biden, Trudeau to talk Ukraine, defense spending, Haiti in Ottawa

U.S. President Joe Biden will make a long-delayed visit to close ally Canada this week to express unity on Ukraine and the environment, but is unlikely to make much progress on tougher trade disputes, sources said on Tuesday.

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StockNews.com

3 Defensive Stocks to Buy and Watch in March

Defense spending has increased due to increased geopolitical tensions with Russia and China. As the government continues to ramp up its defense budget, the U.S. defense industry should experience a rise in demand. Given the growing demand for defense components, adding quality stocks Raytheon Technologies (RTX), Lockheed Martin (LMT), and…

The Guardian - US

Progressives praise Biden for tax hike plan – but Pentagon budget stirs anger

Leftwing Democrats say defense spending is far too high and query president’s request for more money for border security

StockNews.com

3 Defense Stocks to Help Protect Your Portfolio

Heightened geopolitical tensions have led to an increase in defense spending over the past year. In the face of it, several nations are ramping up their defense budgets, which should help the industry stay afloat. Therefore, it could be rewarding to invest in fundamentally sound defense stocks Lockheed Martin (LMT),…

Asharq Al-Awsat

China Increases Military Spending in Face of Threats

China said Sunday its military spending would rise at the fastest pace in four years, warning of "escalating" threats from abroad. The country's planned budgets for the year put defense spending at 1.55 trillion yuan ($225 billion), a 7.2 percent rise and the quickest rate of increase since 2019.

Tribune News Service

Commentary: Is more military spending really necessary?

This spring, President Joe Biden is poised to ask Congress for the largest defense budget in history. These budget increases would be on top of an already historically high defense budget.

The Texas Tribune

Texas defense hawks urge Congress away from military funding cuts to raise the debt ceiling

Texas Republicans in the U.S. House are working with their divided party to eke out a path forward on raising the debt limit.

Tribune News Service

Lawmakers to Pentagon: Curtail defense spending ‘wish lists’

WASHINGTON — Influential lawmakers from both parties urged the Defense secretary in a letter Tuesday to curtail the department’s submission to Congress of “unfunded priorities lists” — annual requests for billions of dollars in military spending above White House budget proposals.

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