Defense Secretary Ash Carter on Feb. 2 previewed the Defense Department’s $582.7 billion Fiscal 2017 budget request, which is less than last year’s $585 billion request though he said it includes increases in strategic areas. The budget quadruples funding for the European Reassurance Initiative, provides a 50 percent increase in funding for the war against ISIS, ?includes $71.1 billion for strategic investments in new technology, and $7 billion to increase cyber training and defenses, said Carter during a speech before the Economic Club of Washington at the Ritz-Carlton Hotel in Washington, D.C. “We don’t have the luxury of just one opponent, or the choice between current fights and future fights,” Carter said. “We have to do both. And that’s what our budget is designed to do.” The White House Office of Management and Budget will pass its full budget request to Congress on Feb. 9. (Watch Carter’s budget preview.)
Boeing Claims Progress on T-7 and Other Challenged Programs
April 25, 2025
Boeing appears to have become to overcome the problems that led to billions in losses on fixed-price defense contracts in recent years, point the company back toward profitabily, says Boeing president and CEO Kelly Ortberg.