Defense spending should increase by about one-sixth, Wolfowitz says
U.S. defense spending, now about 3 percent of the nation's gross domestic product, should eventually go up by one-sixth, to 3.5 percent of GDP, to reduce the risk of war, Deputy Defense Secretary Paul Wolfowitz said July 11. Wolfowitz testified before the House Budget Committee that the U.S. has...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.