Businesses faced a thorny mess in 2021 amid supply chain snarls, labor shortages and government budget uncertainty. Even so, there are signs of the global defense industry’s continued resilience.
The medium and longer term implications of the war in Ukraine, and what it will mean for the defense of Europe and NATO, will likely be a hot topic at the Farnborough International Air Show next week, BAE Chief Executive Tom Arseneault said.
The head of U.S. Army Materiel Command, Gen. Gus Perna, was sitting at home in Alabama on a Saturday in May 2020 when he got the call that would delay his retirement.
“The show might be smaller, and the pandemic may have mitigated the number of exhibitors, but it doesn’t mean that defense procurement has been slowing down.”
The health protection condition status for the Pentagon Reservation hasn't changed, but officials are tightening restrictions and safety measures for the worksite.
“I mean, these [continuing resolutions] are killing us,” Rep. Mike Rogers told Defense News. “If they do another CR in February to the end of the year, it’s going to basically cost [the Pentagon] $40 billion. It’s going to negate everything we just did in this authorization, plus more. And it’s just literally un-American if we aren’t doing a better job to provide for our military than that.”
Japan’s parliament has approved a record extra budget of nearly 36 trillion yen for the fiscal year through March that includes additional military spending.
The judge found that the states opposing the mandate are likely to succeed in their claim that the president exceeded authorization from Congress when he issued the requirement in September.
Collectively, our world should have done better in dealing with COVID-19. From poorly coordinated early warnings and pandemic measures to disrupted global supply chains, unequal vaccine distribution and ineffectiveness against misinformation, the list goes on.
Looking forward, both the New Zealand and Australian governments are investing in defense relative to the size of our economies. This means that across our two markets there are significant opportunities for industry.