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Arms boom fuels budget push for 1977 and beyond
The United States eyes a robust military budget as the Ford administration seeks about 101 billion for 1977, with total obligational authority rising to 113 billion. Major contractors like General Dynamics McDonnell Douglas Boeing Lockheed Raytheon and others stand to gain from large ship aircraft missile and electronics programs. Critics warn against overreliance on costly weapon systems while noting potential shifts in future spending and productivity.
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Washington
United States
Russia
Vietnam
Angola
Congress
Ford
Senate
House
Armed Services
Defense Department
Pentagon
Donald Rumsfeld
Defense
Senate Appropriations
Ford Administration
Robert L. Christensen
Becker Securities Corporation
Alan Bensull
Drexel, Burnham and Company
Lockheed
McDonnell Douglas
Boeing
General Dynamics
Rockwell International
United Technologies
General Electric
Air Force
Kenneth L. Paneral
A. G. Becker Securities
Chicago
Navy
Northrop Corporation
Rockwell
Grumman Corporation
Raytheon Company
Litton Industries
Newport News
Teneco Inc
Chrysler Corporation
Chrysler
General Motors Corporation
Army
West Germany
Richard L. Garwin
Thomas Watson Laboratories