Inflation impact: How the military may have to adjust spending to handle rising production costs

Inflation impact: How the military may have to adjust spending to handle rising production costs

Inflation impact: How the military may have to adjust spending to handle rising production costs The rising costs will cut future spending on contracts for vehicle procurement Rising costs of production due to inflation will have knock-on effects for the buying power of the military as it looks to fulfill outstanding contracts for planes, ships and other vehicles. "There is an impact on military hardware up and down the chain at all levels," Pete Phillips, a former Marine pilot, told FOX Business. "You're looking at the same delays or cost increases that have impacted the civilian side of the house." BEZOS CALLS ON DISINFORMATION BOARD TO FACT-CHECK BIDEN'S OWN INFLATION TWEET Inflation has continued to climb over the past few months, nearing a 40-year high as the Russian invasion of …
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