"The proposed $1.5 trillion defense budget for 2027 represents the largest request in decades, reflecting a significant increase in military spending."
"The F-35, a prime example of expensive military equipment, can cost over $100 million per unit, contributing to the overall defense budget."
"In the 1990s, the American defense industry consolidated from 51 major contractors down to just five, giving these companies enormous leverage over the Pentagon."
"The consolidation has resulted in cost overruns and missed deadlines, with the military often unable to repair weapons systems without returning to the original contractors."
US defense spending is set to surpass $1 trillion, with Congress approving $900 billion for 2026 and a proposed $1.5 trillion budget for 2027. The high costs of military weapons, such as the F-35, contribute significantly to this spending. Historically, military spending was much lower, exemplified by the Wright Brothers' first military airplane costing $30,000. The consolidation of the defense industry in the 1990s to five major contractors has led to cost overruns and reliance on these companies for repairs.
Read at Business Insider
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