View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 28, 2021

US President signs $770bn defence spending bill for FY2022

The NDAA for fiscal year 2022 will allocate some 5% extra funding for defence sector, compared with last year.

US President Joe Biden has signed National Defence Authorisation act (NDAA) that authorises $770bn in defence spending for fiscal year (FY) 2022.

Free Buyer's Guide
img

Leading Guide to Antennas, Masts & Towers for the Land Defence Industry

The document includes detailed information on the manufacturers and suppliers and their products, along with contact details, to inform your purchasing decision.
by VMS Engage – Buyer’s Guide
Enter your details here to receive your free Buyer's Guide.

Earlier this month, the US Senate approved the annual NDAA that authorises the funding for the Department of Defence (DoD).

The NDAA specifies the annual budget and expenditures for the DoD. It was passed by both the Congress houses.

The NDAA for fiscal year 2022 will allocate some 5% extra funding for defence sector, compared with last year.

Last year, former US President Donald Trump vetoed an annual $740bn defence spending bill, citing that the budget fails to include critical national security measures.

The latest bill authorises nearly $25bn more than President Biden requested.

It authorises a 2.7% pay increase for service members and the civilian Defense Department personnel, and $75.3m to operate the Armed Forces Retirement Home.

In a White House press briefing, Biden said: “I have signed into law S. 1605, the “National Defense Authorization Act for Fiscal Year 2022” (the “Act”).

“The Act authorises fiscal year appropriations principally for the Department of Defense, for Department of Energy national security programmes, and for the Department of State. 

“The Act provides vital benefits and enhances access to justice for military personnel and their families, and includes critical authorities to support our country’s national defence.”

The defence act also includes several provisions to address the challenges from China, including $7.1bn for the ‘Pacific Deterrence Initiative’.

It also contains a statement of congressional support for the Taiwanese defence.

Furthermore, the act requires the DoD to submit an annual report to Congress related to security and military developments involving China.

The US and Lithuania recently signed a reciprocal defence procurement agreement to increase military collaboration between the two countries.

Related Companies

Free Buyer's Guide
img

Leading Guide to Antennas, Masts & Towers for the Land Defence Industry

The document includes detailed information on the manufacturers and suppliers and their products, along with contact details, to inform your purchasing decision.
by VMS Engage – Buyer’s Guide
Enter your details here to receive your free Buyer's Guide.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The defence industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Army Technology