Ov Finance-Are we overpaying for military equipment?

2025-05-07 17:49:21source:Quantum Insightscategory: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

New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health

SANTA FE, N.M. (AP) — New Mexico would make major new investments in early childhood education, indu

Would Jax Taylor and Brittany Cartwright Return to Vanderpump Rules? They Say…

Jax Taylor is ready to become the number one guy...again.The Vanderpump Rules alum and his wife Brit

Debate over possible Putin visit heats up in South Africa amid U.S. concern over BRICS intentions

Johannesburg — The foreign ministers of the five nations of the BRICS bloc of developing economies,