Price tag of the ‘war on terror’ will top $6 trillion soon

https://www.militarytimes.com/news/pentagon-congress/2018/11/14/price-tag-of-the-war-on-terror-will-top-6-trillion-soon/ The price tag of the ongoing “war on terror” in the Middle East will likely top $6 trillion next year, and will reach $7 trillion if the conflicts continue into the early 2020s, according to a new report out Wednesday. The annual Costs of War project report, from the Watson Institute for International and Public Affairs at Brown … Continue reading Price tag of the ‘war on terror’ will top $6 trillion soon

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11% increase in Pentagon’s budget

For starters, it’s about an $80 billion increase in the Pentagon’s budget from 2017 to 2019. In real terms, that’s about 11 percent — a larger two-year increase than the DoD received during the height of the Reagan military buildup in the mid-1980s. To put this massive increase in perspective, here are a few other … Continue reading 11% increase in Pentagon’s budget

France proposes big military spending increase

France unveiled Thursday a draft of its 2019-2025 military budget plan, setting €295 billion (U.S. $361 billion) on spending, which included better barracks, larger orders of Army armored vehicles, and studies on next-generation nuclear submarines and airborne nuclear missiles. That spending plan compares to €190 billion in the present 2014-2018 budget law. The Armed Forces … Continue reading France proposes big military spending increase

MoD refuses to provide F-35 cost estimate

Work on the F-35, by a consortium led by the US-based Lockheed Martin, began in 1996 and was scheduled for completion in 2012 but has been beset by problems. The US estimate of the total cost of the programme jumped from £174bn in 2001 to £283bn this year. The MoD has so far refused to provide … Continue reading MoD refuses to provide F-35 cost estimate