| March 16
March 16 Nearly half of President Donald Trump's
2017 $30 billion supplemental defense budget proposal - $13.5
billion - would go to buy and modernize warplanes, warships and
Although Congress must approve the request and is likely to
make changes, Lockheed Martin is one of the biggest
beneficiaries in the administration's proposal, which includes a
request for additional Lockheed F-35 warplanes and THAAD missile
defense systems, as well as more Army Blackhawk helicopters made
by Sikorsky Aircraft, a Lockheed subsidiary.
The stealthy F-35 Joint Strike Fighter costs $95 million -
$123 million per plane, depending on the model. Despite $728
million in savings after Trump complained about its "tremendous
cost and cost overruns," it remains the most expensive weapons
system ever built.
In a Dec. 22 tweet, before he was inaugurated, Trump had
suggested buying more Boeing F/A-18s, which he called
"comparable" to the F-35, despite the fact that the F-35 is a
stealth aircraft difficult for enemy radar to detect. The
1990s-vintage F/A-18 is not stealthy.
Boeing, however, is the maker of the Apache attack
helicopter, which the administration's budget proposal
highlighted as a potential additional purchase.
The budget request did not give any specific order
quantities for aircraft or missiles.
The proposal also requests money to complete the third
version of the DDG-51 Navy destroyer being built by Huntington
Ingalls Industries Inc. at Bath Iron Works in Maine. A
General Accounting Office report published on Aug. 4 said the
Navy "has not demonstrated sufficient acquisition and design
knowledge" to provide an accurate estimate of the vessel's cost.
The administration's supplemental request takes the base
Pentagon budget for fiscal 2017 to $541 billion, analyst Robert
Stallard of Vertical Research said in a report on Thursday.
Congress will likely consider the request before April 28,
when the current Defense Department funding expires.
(Reporting by Mike Stone; Editing by John Walcott and Dan