The Latest Breaking News from Defense Spending

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…

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

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

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.

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.

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.

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.

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.

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…