The House Appropriations Committee will mark up a $706 billion Pentagon spending bill starting next Tuesday. To most analysts, there were no big surprises in the bill that the Defense Subcommittee voted out.
- Roman Schweizer, managing director for aerospace and defense at the Washington Research Group at Cowen and Company, said the $2.5 billion for the Ground Based Strategic Deterrent, an intercontinental ballistic missile system, is a “very positive sign” that the program will move forward.
- Schweizer said an “interesting few weeks” are ahead with the amount of money in play on the Hill, slim majorities in both chambers and uncertainty as to the final defense spending number.
- Schweizer said he predicts defense spending will increase by more than the current 1.6% and non-defense spending will increase by less than 16%.