Over Half of All Military Contractor Spending Goes to These 7 States
Briefly

from 24/7 Wall St.3 months ago
In fiscal 2023, the U.S. Department of Defense spent nearly $431.4 billion on private-sector contracts, marking a notable 9% increase from the previous year. This spending underscores the pivotal role of contractors in military operations, encompassing not only weapons development and procurement but also crucial support services such as technical support, maintenance, and consulting.
24/7 Wall St.https://247wallst.com/military/2024/10/22/over-half-of-all-military-contractor-spending-goes-to-these-seven-states/
The United States continues to dominate global military spending, with a total budget surpassing $916 billion in 2023, which exceeds the total military budgets of the next nine countries combined. This vast allocation facilitates payroll for approximately 2.6 million Defense Department personnel, while nearly half of this investment, roughly 47%, is directed toward private-sector contractors.
24/7 Wall St.https://247wallst.com/military/2024/10/22/over-half-of-all-military-contractor-spending-goes-to-these-seven-states/
Read at 24/7 Wall St.
#defense-spending #department-of-defense #military-contractors #private-sector-contracts #us-military-budget
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