House Panel Proposes Adding $874 Million for Weapons

The House panel that controls military expenditures proposed a net increase of $874 million for weapons over the Pentagon’s budget plans for the year starting Oct. 1. The largest amounts that the House Appropriations Defense subcommittee added in producing a $102.4 billion procurement request were $562.4 million to buy 11 additional Boeing Co. (BA) (BA) F/A-18E/F Super Hornet fighter jets and $447 million to buy seven more Lockheed Martin Corp. (LMT) (LMT) C-130J transport planes.

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