MUNICH – German Defence Minister Ursula von der Leyen opened the Munich Security conference here today admonishing the United States, without mentioning Washington by name, for dialing back its spending on foreign development.
Her comments attempt to turn the tables somewhat on the Trump administration’s argument that European countries are freeloading on security by spending way less than the Pentagon. While von der Leyen acknowledged that Germany must increase its military expenditures, she made the case that Berlin’s budget for non-military assistance programs is an important calculus in the country’s security-policy mix.
“Germany stands by the agreement it has with NATO,” von der Leyen said, referring to the alliance’s goal that all members spend 2 percent on the military by 2025. Berlin is still far away from that objective, however, currently spending 1.25 percent.
https://www.defensenews.com/smr/muni...on-militarism/


From January 31st -
Large military contractors are indicating they’re now ready to invest in their facilities and manufacturing capacity despite so much uncertainty around the Pentagon’s spending levels this current year and into Fiscal Year 2019.
Executives from some of the largest defense contractors, in earnings calls and conversations this week with Wall Street analysts, detailed their plans to increase their planned capital expenditures this year and in the next few years.
“We will spend $1.7 billion in CapEx (capital expenditures) at Electric Boat over the next several years in anticipation of increased production on the Block V Virginia submarine and the new Columbia ballistic-missile submarine,” General Dynamics chief executive officer Phebe Novakovic told analysts last week, according to a transcript of the call provided by Seeking Alpha.
https://news.usni.org/2018/01/31/31041