What’s in the 2017 Appropriations Bill?
By August Cole and Doug Berenson
A significant boost from Congress to the Overseas Contingency Operations (OCO) account gave the Defense Department a 3.8% year-over-year increase in topline spending in the recently announced FY2017 Appropriations Bill. While lawmakers averted a federal government shutdown, the budget details reflect the current difficulties of Congressional politics ahead of the Trump Administration’s FY2018 budget request expected later this month. In this week’s podcast, Avascent Managing Director Doug Berenson explains that while it’s not all smooth sailing for the defense budget, the operations and maintenance (O&M) budget increase will help close the US military’s readiness gaps. For a closer look at the latest O&M, procurement, and research, development, test and evaluation (RDT&E) figures, see Avascent’s assessment of the Appropriations bill and its impact on key DoD capabilities and programs below:
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ABOUT THE PRESENTERS
August Cole is the writer-in-residence at Avascent. He is also an Atlantic Council nonresident senior fellow, focusing on using fiction to explore the future of war; and a member of the International Institute for Strategic Studies. He is the co-author of Ghost Fleet: A Novel of the Next World War and the editor of the Atlantic Council’s War Stories from the Future anthology. Previously, Cole reported on the defense industry for the Wall Street Journal. From Washington, he covered companies ranging from Boeing to Blackwater, as well as broader defense policy and political matters. For more information, contact email@example.com.
Doug Berenson is Managing Director of Avascent Analytics. Doug specializes in analyzing defense and aerospace markets, with particular focus on the macroeconomic, budgetary and programmatic forces shaping global security markets. With particular depth in the military aviation and C4ISR sectors, Doug works with clients worldwide to help them formulate portfolio and growth strategies, pursue new program opportunities, and evaluate potential mergers and acquisitions. For more information, contact firstname.lastname@example.org.
Avascent On The Record
Avascent On The Record is an audio news podcast that examines issues and trends in government-driven markets. Programs range from discussions on aviation, defense systems, space and satellite communications, healthcare, and much more. Podcasts will be released every few weeks. Browse our podcast archive here.