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JASPER JACOBS/BELGA MAG/AFP/Getty Images
JASPER JACOBS/BELGA MAG/AFP/Getty Images
The U.S. Department of Defense has proposed a budget of $842 billion for 2024. That’s about 3.5% of U.S. GDP. The military buys everything from pens and paper clips to fighter jets and submarines. But the market for military equipment is very different from the commercial market.
In today’s show, we will bring you two stories Indicators magazine series on defense spending Explore that market. As the U.S. continues to ship weapons to Ukraine and Israel, we first look at why defense costs are so high. Then we delve into whether basic manufacturing practices are putting the U.S. military in a bind.
The original Indicator episodes were produced by Cooper Katz McKim, with engineering by Maggie Luthar and James Willetts. Sierra Juarez and Angel Carreras provided fact-checking. Kate Concannon and Paddy Hirsch provided editing. Alex Goldmark is executive producer for Planet Money.
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Music: NPR Source Audio – “Sitting on a Haystack” and “At Dusk We Believe”
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