U.S. defense and aerospace firms are asking Congress for a defense budget for 2023 that exceeds inflation by 3 to 5 percent and challenged lawmakers to pass their annual defense bills by Sept 30.
Over the past three years, the U.S. Navy has tightened its budget and changed its requirements, making the future look far less rosy for a division of Huntington Ingalls Industries.
Despite repeated warnings from lawmakers and uniformed Pentagon leaders that a full-year continuing resolution will hurt national security, some in the defense industry are still worried that budgetary route is a possibility.