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The proposed $1.5 trillion fiscal 2027 defense budget aims to expand US factories and provide long-term orders for manufacturers, accelerating weapons production. Secretary of War Pete Hegseth announced the plan, which would offer more predictable order pipelines. This move is expected to boost the defense industry.
Taiwan's parliament has passed the defense budget after a record delay, ensuring funding for a vital drone program. The budget passage comes amid rising tensions with Beijing. The drone spending is a key part of Taiwan's defense strategy.