Here are the highlights of the Pentagon's latest budget
AP
The Pentagon's funding proposal includes a $534.3 billion base budget that could be capped at $500 billion due to sequestration, with an additional $50.9 billion in additional war funding for Afghanistan and counterterrorism operations.
The Pentagon's proposed budget for 2016 represents a 6% increase in purchasing power from the previous year, in after-inflation dollars.
Here are a number of highlights of the Pentagon's proposed budget, according to Jeremy Herb and Austin Wright of Politico.
Naval vessel procurement
Chief Mass Communication Specialist Keith DeVinney/US Navy
This package includes three Littoral Combat Ships, two Virginia-class attack submarines, two destroyers, an oiler, and an amphibious transport ship.
The F-35
The multi-billion dollar F-35 program looms large in the proposed 2016 budget.The Pentagon will request the procurement of an additional 57 F-35 fighter jets at a cost of $10.6 billion.
Air Force programs
Aside from the F-35, the Pentagon is requesting additional funding for its KC-46A tanker program, the development of a next-generation long-range bomber, and the procurement of additional MQ-9 Reaper drones.All together, these programs would have a price tag slightly over $5 billion.
Increased services budgets
1st Lt. Nathan Wallin/USAF
Continuing the fight against terrorism
Stringer/Anadolu Agency/Getty Images
The Department of Defense would also receive $2.1 billion to facilitate partner building exercises and carry out joint operations against terrorist networks around the world.
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
- AMD set to fuel growing demand for AI compute, says CTO
- Sensex tumbles 700 points amid broad-based selloff; Nifty slips from record
- Global smartphone shipments grow by 6% in Q1 2024, Samsung retakes the top spot
- Adani Green Energy Q4 net profit declines 39 pc to Rs 310 cr due to rising expenses
- Rupee rises 3 paise to end at 83.43 against US dollar
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market