The Biden administration will have to make a number of decisions in coming months about defense priorities for the 2022 budget, including hypersonic as well as missile defense spending. There are a number of ongoing hypersonic programs of varying expense across military branches, including the ‘conventional prompt strike’ program (CPS) which received $1.03 billion worth of funding in 2021.
William Davies, Associate Aerospace and Defense analyst at GlobalData comments: “In addition to key hypersonic programs the Biden administration and new Democratic congress will have to make funding decisions about a variety of priorities, and are likely to make substantial changes to Trump’s 2022 budget request. The budget will likely be produced by mid-march, so the Biden administration will have to make changes quickly – on top of other major domestic policy challenges including the COVID-19 crisis.”
Go deeper with GlobalData
The recent GlobalData report ‘Hypersonic Technologies in Aerospace and Defense’ outlines recent advances in hypersonics as well as detailing major programs currently proceeding globally and business opportunities in the market.
Key hypersonics programs have run to significant costs, and previously tough decisions have had to be made about which programs to stick with – which led to the cancellation of the Hacksaw program in 2020 to dedicate more resources to the ARRW program. These kind of decisions will become more common as more programs approach maturity and become more viable.
Missile defense will also likely be a significant focus of the Biden administration, there is significant debate over the next generation interceptor program (NGI) and funding for the Missile Defense Agency (MDA) has increased in recent years as the threat from hypersonics becomes more potent. Congress in 2020 boosted the MDA’s budget to $1.3 billion amid fears that its budget was insufficient to address emerging threats.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
