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| Name | Can The U.S. Afford Its Military Aid Promises? |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 16-05-2024 12:00:08 |
| Video Discription | U.S. defense spending and military aid costs are adding up. President Joe Biden signed a $95 billion U.S. military aid package in April 2024, allocating funding to Ukraine, Israel, Taiwan and the Indo-Pacific region. This is on top of the National Defense Authorization Act of 2024, which authorized military spending of a record $886 billion. U.S. military spending and aid packages bolster the American defense industry. “People think we’re sending a big check to Ukraine”, Gregory Hayes, CEO of RTX, told CNBC’s “Squawk Box”. “The fact is what most of that money will do will go to support American defense industries here in the U.S." The five largest U.S. defense companies, Lockheed Martin, RTX, General Dynamics, Boeing and Northrop Grumman, had Department of Defense contracts totaling more than $118 billion in fiscal year 2022. “There’s a lot of foreign countries that get aid from the United States that’s predicated upon using that aid to buy U.S. hardware,” said Ken Herbert, aerospace and defense analyst at RBC Capital Markets, told CNBC. Watch this video to learn more about where the U.S. sends military aid and personnel and how defense spending impacts the world at large. Chapters: 0:00 Introduction 1:44 Chapter 1 - Where the U.S. sends money 5:28 Chapter 2 - U.S. defense companies 8:37 Chapter 3 - Boots on the ground Produced by: Shawn Baldwin Edited by: Andrea Miller Animation: Jason Reginato Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. CNBC Make It readers can use special discount code CNBC40 to get 40% off through 8/15/24: https://cnb.cx/4dFP9Wa Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Can The U.S. Afford Its Military Aid Promises? |
| Category | News & Politics |
| Tags | military | defense | foreign | aid | spending | package | war | assistance | soldiers | federal | government | budget | pentagon | Israel | Ukraine | Gaza | Palestine | allies | weapons | aircraft | missiles | air strike | troops | economic | humanitarian | DoD | army | Taiwan | NATO | global | terror | counterterrorism | contracts | Congress | raytheon | lockheed martin | northrop grumman | boeing | geopolitics | peace | equipment | Africa | Middle East | Syria | Iraq | Afghanistan | Egypt | arms | exports | Russia | China | general dynamics | bases | emergency | defense spending |
