Current：Home > InvestTwo Indicators: Economics of the defense industry -StockSource
Two Indicators: Economics of the defense industry
Rekubit View
Date：2025-04-09 13:05:34
The Department of Defense's proposed budget for 2024 is $842 billion. That is about 3.5% of the U.S.'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.
On today's episode, we're bringing you two stories from The Indicator's series on defense spending that explore that market. As the U.S. continues to send weapons to Ukraine and Israel, we first look at why defense costs are getting so high. Then, we dive into whether bare-bones manufacturing styles are leaving the U.S. military in a bind.
The original Indicator episodes were produced by Cooper Katz McKim with engineering from Maggie Luthar and James Willetts. It was fact-checked by Sierra Juarez and Angel Carreras. They were edited by Kate Concannon and Paddy Hirsch. Alex Goldmark is Planet Money's executive producer.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, Google Podcasts, the NPR app or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Music: NPR Source Audio - "Sitting on A Hay Bale," and "In Dusk We Trust"
veryGood！ (6)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Sam Darnold finally found his place – as backup QB with key role in 49ers' Super Bowl run
- Mark Ruffalo's Rare Outing With Lookalike Kids Proves They're Not 13 Anymore
- Astronomers find evidence of ocean world beneath surface of Saturn's tiny 'Death Star' moon
- Trump invites nearly all federal workers to quit now, get paid through September
- Spike Lee, Denzel Washington reuniting for adaptation of Kurosawa’s ‘High and Low’
- Gina Rodriguez brings baby to 'Not Dead Yet' interview, talks working as a new mom: 'I don't do it all'
- Martha Stewart Says She Uses Botox and Fillers to Avoid Looking Her Age
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Donald Glover calls Phoebe Waller-Bridge exit from 'Mr. & Mrs. Smith' remake 'a divorce'
Ranking
- Bodycam footage shows high
- Wyoming, Slow To Take Federal Clean Energy Funds, Gambles State Money on Carbon Sequestration and Hydrogen Schemes to Keep Fossil Fuels Flowing
- Haley's loss to none of these candidates in Nevada primary was coordinated effort
- Wisconsin Republicans urge state Supreme Court to reject redistricting report’s findings
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- A year after Ohio derailment, U.S. freight trains remain largely unregulated
- fuboTV stock got slammed today. What Disney, Fox, and Discovery have to do with it.
- Why Matthew Stafford's Wife Kelly Was “Miserable” During His Super Bowl Season
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Devin Hester makes history as first return specialist selected to Pro Football Hall of Fame
US military drills in Philippines unaffected by America’s focus on Ukraine and Gaza, US general says
Snoop Dogg and Master P sue Walmart and Post for trying to sabotage its cereal
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Wyoming, Slow To Take Federal Clean Energy Funds, Gambles State Money on Carbon Sequestration and Hydrogen Schemes to Keep Fossil Fuels Flowing
Inflation is nearly back to 2%. So why isn’t the Federal Reserve ready to cut rates?
Faced with wave of hostile bills, transgender rights leaders are playing “a defense game”