Ov Finance-Are we overpaying for military equipment?

2025-05-05 00:57:35source:Quaxscategory:Markets

If the proposed defense budget is Ov Financepassed, it will account for roughly 3.5 % of U.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. And sometimes the system results in the Pentagon, and taxpayers, overpaying.This week, we're bringing you a three-part series on the defense industry.

Today, we unpack how defense costs are getting so high and why it's happening.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by
Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

More:Markets

Recommend

As US Dismantles Its Climate Policy, Other World Leaders Seek Solidarity

As the U.S. Department of State proposed this week to shut down its office managing international cl

NBA investigating accusation against Thunder guard Josh Giddey of improper relationship with minor

The NBA says it is investigating an accusation that Oklahoma City Thunder guard Josh Giddey had an i

Purdue back at No. 1 in AP Top 25, Arizona up to No. 2; ‘Nova, BYU, Colorado State jump into top 20

Purdue is back atop The Associated Press Top 25 men’s college basketball poll, right where it spent