On November 8th, the House and Senate Armed Services Committees announced details of the conference report for the FY2018 National Defense Authorization Act (NDAA). The bipartisan conference authorized a total base budget of $626 billion and a total national defense topline near $700 billion – a $26 billion increase to President Trump’s first request.
A Look at the Numbers
This year’s NDAA conference committee added $21 billion to procurement accounts that will be used to buy additional ‘big-ticket’ defense items. Not only are these platforms generally included on the service’s Unfunded Requirement lists, but they also support jobs – to prime contractors and their supply chains – in many congressional districts.
Within the investment account, which represents Procurement and RDT&E funding, the clear beneficiaries of Congress’s $26 billion plus-up were the Army and Navy. The Navy’s authorized investment account funding increased by $11 billion, or 16%, from President Trump’s request and the Army’s funding increase by $7 billion, an increase of 23%.
Download the report and receive the full review of the FY18 National Defense Authorization Act.
"*" indicates required fields
THOUGHTFUL ANALYSIS YOU CAN COUNT ON
Financial sponsors and corporate management teams are seeking unique insights that help them create value. With experience leading investors in ADG, 100+ strategy engagements, 100+ transactions worth $10B+ in total enterprise value, and 100+ collective person-years of A&D experience, Fairmont Consulting Group takes pride in providing robust, comprehensive analyses of businesses and the market and competitive dynamics that affect their outlook.
BOSTON, MA 02109
Diligence of a manufacturer of composite components for commercial aircraft interiors
Strategic assessment of long-term demand for aircraft tooling
Diligence of an aftermarket services provider offering specialized aerospace distribution
