House of Representatives Passes Defense Bill Increasing Missile Defense Spending By $2.5 Billion

It looks like missile defense will continue to be a growth industry for US defense contractors:

The U.S. House of Representatives on Friday passed a defense bill calling for increased spending on missile defense programs amid North Korea’s evolving threats.

The National Defense Authorization Act for Fiscal Year 2018 (H.R. 2810) passed 344-81 to order US$696 billion for defense in the fiscal year 2018, including some $12.5 billion for missile defense programs.

“The Committee continues to be a strong supporter of a robust missile defense program given the increasing threats against our homeland and regional allies posed by North Korea, Iran and others,” the House Committee on Armed Services said in a summary of the bill posted on its website. “The bill adds $2.5 billion above the President’s budget request to meet critical missile defense needs. It also recognizes the increasing quantitative and qualitative nature of the ballistic missile threats we face as a nation.”  [Yonhap]

You can read more at the link.