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House Approves ’18 Defense-Spending Bill

The House has approved a $631.8 billion defense-spending bill for fiscal year 2018, which begins Oct. 1 and ends next Sept. 30. The measure approves $28.5 billion more than President Trump had requested.

Key provisions include:

  • $7.9 billion for aviation readiness.
  • $5.9 billion for increased naval presence
  • $5.7 billion for ground forces
  • $2.5 billion for missile defense                 

The bill contains language that would require contractors to be more forthcoming with the money they seek for service contracts. Lawmakers included this provision amid concerns that largely arose in big-ticket projects, such as the F-35 fighter and Ford-class aircraft carrier.

Read the complete article here.

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The information above is for general awareness only and does not necessarily reflect the views of the Office of Economic Adjustment or the Department of Defense as a whole.

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