Raytheon and United Technologies Corporation recently announced plans to merge into a new company, Raytheon Technologies, in 2020. While the past few years have seen significant industrial consolidation with the defense sector, the proposed Raytheon-UTC merger would be the largest defense merger in recent history.
Congress will likely pursue a budget agreement that raises the Budget Control Act spending limits from their original levels for FY 2020. If they fail, the Department of Defense faces sequestration for the first time since 2013.
The proposed FY 2020 budget for missile defense lacks the programmatic and budgetary muscle movements to contribute meaningfully to overall U.S. deterrence and defense goals.
There is no question that Pentagon’s 2020 budget takes significant steps to move the department from a focus on regional conflicts and counter-insurgency to a focus on great power conflicts. But the four services clearly are struggling with this balance.
I warned in a 2019 year-ahead look at risks that uncertainty would rule. Let me double down on that bet.
The Navy had several viable approaches for adapting its carrier force to the new defense strategy. Instead, it opted to avoid a decision and will waste billions of dollars as a result. Funds for shipbuilding are too scarce to waste. It’s time to make a decision about carriers.
The Trump administration is not requesting that Congress raise the budget caps at all, either for defense or non-defense. Instead, the administration is asking Congress to use a loophole in the law to allow for higher defense spending without breaching the budget caps: overseas contingency operations (OCO) funding.
The Trump administration recently released its FY 2020 budget. In it, the administration proposes to continue DOD’s role in border security, a role that includes both construction and troop deployments.
The Fiscal Year 2020 budget that the Trump administration released Monday embroils the Department of Defense in many confrontations with the Congress. The DOD will be dragged into a series of political confrontations and may end up as collateral damage.
Tonight, the president will belatedly make his State of the Union address. Here are six questions to watch for, the answers to which will drive future defense programs, budgets, and prospects for the industrial base.