By: Ben Werner
July 24, 2019 4:40 PM
July 24 (USNI News) — A flat but stable defense budget outlook was welcomed by the General Dynamics chief executive, who told analysts she expects important shipbuilding programs will be funded by the spending plan agreed to by Congress and the White House this week.
Pentagon acquisition officials and defense contractors are now preparing for what appears to be two years of relatively flat defense spending thanks to a deal reached but not yet formally passed this week. While the defense base budget is expected only slightly to increase in Fiscal Years 2020 and 2021, the deal eliminates the spending caps imposed by the Budget Control Act of 2011.
Read more here: https://news.usni.org/2019/07/24/general-dynamics-confident-flat-federal-spending-wont-slow-down-columbia-class