WASHINGTON — The Pentagon’s historic $1.5 trillion budget request for fiscal 2027 is necessary to allow the military to make “paradigm-shifting investments,” with the money slated to bankroll multiyear contracts, the head of the Office of Management and Budget said today.
Speaking in front of the House Budget Committee this morning, OMB Director Russell Vought acknowledged that the defense budget contains a “sizable increase,” which he said is critical for increasing production of ships, planes, drones and munitions.
“For the industrial base to double and triple capabilities, and build more facilities — not just add shifts — it requires multi-year agreements to purchase into the future,” he said in opening comments. “That cost has to be booked…
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Source breakingdefense.com
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