Pentagon's $1 Trillion Budget Increase Fails to Boost Defense Stocks.
TL;DR Summary
The US Defense Department has requested a 3% increase in the Pentagon budget for fiscal year 2024, which would bring the total military spending to about $842 billion. However, defense stocks have not seen much movement despite the increase in budget.
- Pentagon Budget Grows. Defense Stocks Don't. Barron's
- ‘Watershed’ $1 trillion defense budget on the horizon Roll Call
- Pentagon’s $842B budget boosts procurement, R&D as personnel levels shrink Federal News Network
- Defense Business Brief: Budget bullet-points; Aircraft arrivals; Let's kill 'dead on arrival'; and more... Defense One
- FY 2024 Budget: Pentagon Asks for $30.6B to Beef Up Munitions Stockpile Citing Lessons from Ukraine War - USNI News USNI News
- View Full Coverage on Google News
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