US defence spending must be kept at record levels to cope with the threat of global terrorism and the emergence of China as a military rival, the UK’s Financial Times newspaper reported yesterday.

Speaking to an audience at the Paris Air Show, Boeing defence chief Jim Albaugh forecast a slowdown in the Pentagon budget but warned that a decline would leave the US relying on old weapons following recent conflicts.

“Right now it’s a lot different to after the end of the cold war. Then the threat really went away and the equipment for the most part was new,” he was reported to say.

Several of the company’s projects face substantial cuts during the current round-up of budget negotiations in the US Senate and Congress including the $200bn Future Combat Systems program to modernise the US army’s battlefield equipment, the US missile defence system and an airborne laser weapon.

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.

Company Profile – free sample

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