Army Risks Election Fallout As It Slashes “Lower Priority” Weapons Programs [Forbes]
Oshkosh Corporation (Holding Company)Common Stock (OSK)
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Source: Forbes
The U.S. Army has a problem. Many of the high-priority programs it wants to develop as it modernizes lack a hard-wired constituency in Congress. Meanwhile, many of the legacy programs it has identified as potential bill-payers for modernization have staunch defenders on Capitol Hill. To make matters worse, a number of the programs that the Army has identified as “lower priority” are built in swing states critical to the president’s reelection prospects. Those states are located in the nation’s industrial heartland, where heavy-metal warfighting systems of the kind land armies use have traditionally been built. This presents Secretary of the Army Ryan McCarthy and Chief of Staff General James McConville with a tricky political challenge. They have been working to implement a national defense strategy that focuses military investments on high-tech weapons capable of defeating Russia and China. With an annual R&D budget equivalent to only one day’s worth of federal spending, that is not
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- 4/17/24 - Form 8-K/A
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