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The Republican chair of the Senate Armed Services Committee said Thursday he supports Defense Secretary Pete Hegseth’s plan to “review the entire budget” at the Pentagon to find around $50 […]
President Trump on Thursday said he intends to meet with the leaders of China and Russia to propose that all three nations agree to cut their military budgets “in half.” […]
The chairman and ranking member of the House Armed Services seapower and projection forces subcommittee sent a letter to Secretary of Defense Pete Hegseth Tuesday, pushing for quick action on […]
The European Commission in expected to present a proposal for the next multiannual financial framework (MFF), starting in 2028, before 1 July 2025, although many observers expect a delay towards autumn.
Based on lessons being learned from the ongoing Russo-Ukrainian War and the U.S. Army’s needs to be part of the joint fight in the Indo-Pacific region, the service plans to […]
Thinktank says juicy cuts this year follow far bigger increases in 2023 and precede planned ‘chunky rises’Jeremy Hunt’s expected pre-election giveaway budget will be sandwiched between £20bn of tax increases already implemented and a further £17bn of h…
The Defense Department on Thursday announced its first round of awards in fiscal year 2024 under its program to quickly transition technologies—most of which are being developed by small businesses […]
European Commissioner Thierry Breton recently recalled what former President Donald Trump told the president of the European Commission (EC), Ursula van der Leyen, back in 2020. Trump suggested that he was extremely skeptical about North Atlantic Treaty Organization’s (NATO) commitment to European defense. As a result, it came as no surprise that Breton announced that […]
European Commission: Taking Charge of Space Defense was originally published on Global Security Review.
The current multiannual financial framework (MFF) sets out the structure for EU spending from 2021 until the end of 2027, while the Next Generation EU (NGEU) recovery instrument, established to help Member States come out of the pandemic stronger, significantly reinforced resources for the years 2021 to 2023.
After showing unexpectedly strong economic resilience in the face of the pandemic and the energy price shock triggered by Russia’s war in Ukraine, Europe is bracing for an uncertain soft landing.