Thu. Dec 7th, 2023
    US Defense Spending in Ukraine War Opens Opportunities for Defense Industry

    US government and military spending in the war in Ukraine has reached a staggering $30 billion. The Ukraine Security Assistance Initiative accounts for approximately $18.6 billion of this spending, while the presidential drawdown authority has contributed $12.2 billion in assistance.

    According to Young Bang, principal deputy assistant secretary of the Army for acquisition, logistics, and technology, these spending patterns present significant opportunities for government contracting companies and original equipment manufacturers in the defense industrial base.

    Speaking at the Army Acquisition Priorities Forum, Bang highlighted that the Army is rapidly increasing its production of 155mm artillery rounds. The initial production rate was around 14,000 rounds per month, which has since been doubled to 28,000 per month. The ambitious goal for next year is to produce 80,000 rounds per month and eventually reach 100,000 projectiles per month.

    To gain deeper insights into the research and development work involved in the production of defense components, attend the Potomac Officers Club’s Defense R&D Summit on January 31. Under Secretary of Defense for Research and Engineering Heidi Shyu will be among the notable speakers at the event.

    Bang also emphasized the importance of true innovation in providing new technologies to the Army. He urged industry members to focus on revolutionizing concepts and solving problems, rather than merely automating existing processes. Intuitive technologies that do not require excessive toggling between platforms are preferred by the Army, as well as those specifically designed to address the Army’s unique challenges.

    Additionally, the Army is seeking assistance in the areas of robotics, electrification, and autonomous systems. Current approaches to computer vision and sensing are inadequate for off-road terrains, and the Army is interested in tools and strategies that can minimize the signature and traceability of defense systems.

    In conclusion, Bang outlined three main goals of the Army: reducing signature, decentralization, and mobility. He emphasized the crucial role of personnel, training, and exercises in achieving these objectives.

    To access more invaluable information and engage in dialogue with industry experts, register now for the Potomac Officers Club’s Defense R&D Summit on January 31. Don’t miss this opportunity to stay ahead in the rapidly evolving defense technology landscape.