Defense budgets likely to remain healthy during new Biden Administration

摘要

We have a new presidential administration, so what does that mean for a defense industry that has gotten used to robust Pentagon budgets over the past four years with plenty of money for technology research and development? The short answer: it's probably too early to tell. We won't have many hints probably until March - perhaps even as late as May. President Trump did not submit his administration's detailed defense budget proposals to Congress until May 2017, which was about four months after he took office. Most likely we should expect the same from President Joe Biden.