Here’s What Might Not Survive COVID Budget Cuts
By Marcus Weisgerber
Global Business Editor
August 21, 2020
With global military spending expected to flatten or contract in the coming years as countries try to repair coronavirus-decimated economies, defense projects already on the books stand the best chance of survival, according to a budget expert.
That could spell delays, deferrals or cancellations for weapon projects still in early development, including new Air Force fighter jets, Army helicopters and Navy ships.
“Things that tend to already be in production, or already have contracts awarded and source selection completed, those tend to have more staying power, just because of the built-in congressional support for them,†said Todd Harrison, director of defense budget analysis at the Center for Strategic and International Studies. “Programs that are still very early and development tend to have less of that support.â€
https://www.defenseone.com/business/2020/08/heres-what-might-not-survive-covid-budget-cuts/167908/
