AIA chief calls on Congress for increased defense spending, timely budgets

By Tony Bertuca / May 26, 2022 at 5:00 AM
Aerospace Industries Association President and CEO Eric Fanning has sent a letter to senior lawmakers urging them to pass a defense budget that is 3% to 5% higher than the current rate of inflation and wants them to do so before the beginning of the next fiscal year on Oct. 1. “The topline discussion should start with support for adequate financial investment,” Fanning wrote . “Three to five percent growth above the inflation rate is the level of investment required...

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