Share this article

The US House or Representatives has approved a US$40bn defence budget increase.

The US$471bn budget does not include President Bush’s US$196bn request for funding operations in Iraq and Afghanistan, but does include US$12bn for new roadside bomb-resistant troop vehicles.

Most of the budget increase will be spent on procuring new and expensive weapons systems, including US$6.3bn for the next-generation F-35 Joint Strike Fighter.

The budget is US$3.5bn less than Mr Bush requested.

The bill will now be sent to the president to be signed into law.

By staff writer

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